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7 Requirements for the Child Tax Credit

TurboTax Staff

The Child Tax Credit can significantly reduce your tax bill. To claim the Child Tax Credit, there are seven qualifying tests to consider: age, relationship, support, dependent status, citizenship, length of residency and family income. You and/or your child must pass all seven to claim this tax credit. The Child Tax Credit is a nonrefundable tax credit; that is, if your credit amount exceeds your tax liability, your tax bill is reduced to zero and any remaining unused credit is lost. However, you may be able to claim a refundable Additional Child Tax Credit for the unused balance. Find out more