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What is the refundable child tax credit?

April 26, 2017child refundable tax credit

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What is the refundable child tax credit?

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A. Starting in 2001, the IRS has refunded up to $600 to those qualifying for the additional child tax credit. The “Jobs & Growth Tax Relief Reconciliation Act of 2003” increased the maximum child tax credit for 2003 to $1,000 per child!