Is there a change in the child tax credit?
The child tax credit has not changed. The change is in the Additional Child Tax Credit. If are not eligible for the child tax credit because you do not have enough tax liability, then you would qualify for the Additional Child Tax Credit if your adjusted gross income is over $8500. The Additional Child Tax Credit is 15% of the amount of your income above $8500 up to the amount of child tax credit you original were eligible to receive. Therefore, if your AGI is $10,500 you would qualify for the Additional Child Tax Credit of $300. Laura H – H&R Block – Senior Tax Advisor 5 **This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
