Child Tax Credit (2023 In-Depth Review)

SUMMARY: “The child tax credit applies to those filing a federal tax return with dependents who are under the age of 17. The tax credit can give you up to $2,000 per dependent, with $1,500 of that being refundable. In order to qualify, your child or dependent must meet all the IRS criteria, and you must meet income requirements. Unfortunately for parents, the higher pandemic-related child tax credits with advanced monthly payments that were available in 2021 have expired.”

Child Tax Credit (2023 In-Depth Review)

By: Scott Sturgeon, JD, MBA, CFP®

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Recently, Founder & Senior Wealth Advisor Scott Sturgeon was featured on Supermoney.com discussing tax planning and how the Child Tax Credit may impact cashflow for those with children. Check out the article linked below to learn more!

Article Linked HERE

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Child Tax Credit (2023 In-Depth Review)

Child Tax Credit (2023 In-Depth Review)

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