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Child tax credit effect larger households because the more children under a certain age a family has, the more tax credit breaks they receive. Families with many children receive tax breaks to help them.

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12y ago

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What is the difference between the child tax credit and the additional child tax credit?

The child tax credit is a non-refundable credit that reduces the amount of taxes owed, while the additional child tax credit is a refundable credit that can result in a refund if the credit amount is more than the taxes owed.


What is the income tax credit for a child?

a credit agency garnished my income tax,is the the child tax credit exempt from the garnishment?


Will your credit score affect your child credit score?

No, not unless you fraudulently use your child's identity in obtaining credit in their name.


Single-parent households tend to spend less money on raising a child?

true


Do you get more money for a younger child when claiming taxs?

When you claim a child that is under 17 maybe. You may qualify for the Child Tax Credit or the Additional Child Tax credit. Also if you pay for child care you may qualify for The Child and Dependant Care Credit.


Is the child tax credit returning in 2022?

Yes, the child tax credit is expected to return in 2022.


Is there any child tax credit available for 2022?

Yes, there is a child tax credit available for 2022.


You had no income but a dependent child do you get the child tax credit?

No


Can you rent a car with your credit card for your child who has no credit?

yes


How does a smaller child balance a larger child on a see saw?

The larger child sits closer to the middle, and the smaller child sits more on the end.


Is the child tax credit refundable or nonrefundable?

The child tax credit is partially refundable, meaning that if the credit amount exceeds the taxes owed, a portion of the remaining credit can be refunded to the taxpayer.


Is it possible for me to run a credit report on my child?

No, as a parent, you cannot run a credit report on your child without their permission.