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Frequently Asked Questions

How do I calculate the child tax credit?

Determine the amount of the tax credit. Multiply the number of qualifying dependents by $1,000 to get the maximum credit amount. For example, if you have three qualifying dependents, the maximum child tax credit is $3,000. If your Modified Adjusted Gross Income (MAGI) exceeds $110,000 for married filing jointly,...

When is the last child tax credit?

The final monthly payment of the advance child tax credit is scheduled to be delivered to bank accounts on Dec. 15. (Washington Post Illustration/iStock) Unless Congress acts, the last of the advance child tax credit payments will hit bank accounts on Dec. 15.

When will Child Tax Credit payments end?

After the year ends, the Treasury will send the advance child tax credit payments on the 15th of every month. Having said these, there is no end for the child tax credit as far as the advanced payments go. If you’re eligible for the full tax credit, you can continue to receive the advance payments at the start of the new tax year.


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