What are the recent changes to the child tax credit?
An example of an AI chatbot conversation about changes to the child tax credit.
What are the recent changes to the child tax credit?
The child tax credit has seen several changes recently, including adjustments to the amount and eligibility criteria. Would you like details on specific changes?
Yes, what is the new amount for the credit?
As of 2023, the child tax credit is up to $2,000 per qualifying child under the age of 17. This is a return to the pre-pandemic level.
Are there any income limits for claiming the credit?
Yes, the credit begins to phase out for single filers with an adjusted gross income over $200,000 and for married couples filing jointly over $400,000.
What if I have more than one child?
For each qualifying child, you can claim up to $2,000, so having multiple children can significantly increase your total credit.
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