The Child Tax Credit: What to Know About This Potential Benefit in Your State

**What is the Child Tax Credit?**

The Child Tax Credit (CTC) is a tax credit for families with children under the age of 18. The CTC is designed to help families offset the costs of raising children. The credit is available to families regardless of their income or filing status.

**How much is the Child Tax Credit?**

The amount of the CTC varies depending on the number of children you have. For 2022, the CTC is worth up to $2,000 per child under the age of 17 and up to $1,000 per child ages 17 and 18.

**Who is eligible for the Child Tax Credit?**

To be eligible for the CTC, you must meet the following requirements:

* You must be a U.S. citizen or resident alien.
* You must have a valid Social Security number.
* Your child must be under the age of 18 at the end of the tax year.
* Your child must live with you for at least half of the year.

**How do I claim the Child Tax Credit?**

You can claim the CTC on your federal income tax return. When you file your taxes, you will need to provide the following information for each child you are claiming the CTC for:

* The child’s name
* The child’s Social Security number
* The child’s date of birth
* The child’s relationship to you

**When will I receive the Child Tax Credit?**

The CTC is typically paid out in a lump sum when you file your tax return. However, for 2022, the CTC was paid out in monthly installments from July to December. If you are eligible for the CTC, you should have received your payments by now.

**What if I didn’t receive the Child Tax Credit?**

If you are eligible for the CTC but did not receive your payments, you can claim the credit on your tax return. When you file your taxes, you will need to complete the Schedule 8812, Credit for Child and Dependent Care Expenses. You can find the Schedule 8812 on the IRS website.

**The Child Tax Credit is a valuable tax credit that can help families offset the costs of raising children. If you are eligible for the CTC, be sure to claim it on your tax return.**.

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