Your eligibility for the Child Tax Credit is determined by the information you report in the “Household Details” section of the filing flow, which you can find under Household Details.
A refundable tax credit is a type of credit that can reduce a taxpayer's liability beyond zero, resulting in the possibility of a refund.
The Credits for Qualifying Children and Other Dependents include:
- Child Tax Credit
- Additional Child Tax Credit
- Credit for Other Dependents
- Earned Income Credit
These credits can help reduce your tax liability or provide a refund based on your eligibility. To determine your eligibility and calculate these credits, just be sure you’ve included all of your information, including your income and dependents, on your return. Based on this, we’ll automatically help you apply for any credits youʻre eligible for.