See How MuchYourChild Tax Credit is for 2018, 2019
as much as $2000 per child, per 
To help people take care of their little ones properly, the government has created the Child Tax Credit, a specific tax benefit designed to lessen the blow of the costs that come with bringing a life into the world.
If you qualify, you could be in line for tax cycle. Although this amount is a credit and not a deduction, the result is that your tax owed is far lower. Think of it as a coupon for your taxes that drops the overall amount you must pay.
So, how do you know whether you qualify for this kind of benefit? Here’s everything you need to know about the way in which the Child Tax Credit is structured, how to qualify, how much you are entitled to, and some other tax credits that are useful for parents.
Finding out if you qualify
The easiest way to work out if you qualify is to find an online tool. In a few clicks, you will be able to find out you’re eligible. Once you’ve found out, it’s as easy as filling in a few basic questions about your current situation, and you will have an answer within seconds.
The Child Tax Credit as a Refund
There are certain conditions which will reward your Child Tax Credit as a tax refund. If your total taxes are $0 and you have credit remaining from your child or children, then you might receive a pay-out on the remaining balance.
This is known as the Additional Child Tax Credit, a 2010 ruling which has helped almost 2 million American citizens and families living in poverty.
Even if you don’t qualify for an actual refund, the fact that you can reduce your tax payment by up to $2000 per child is reason enough to find out if you’re eligible for either the Additional Child Tax Credit, or the standard Child Tax Credit.
With the aid of an online tax calculator, you can calculate your credit amount for the child tax credit. Your credit amount will be determined by your income and the number of children is able to claim.
I am Jessica Gonzalez and i have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. She is an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.
