BusinessPostCorner.com
No Result
View All Result
Thursday, July 17, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Child tax credit: Who’s filing?

September 17, 2024
in Accounting
Reading Time: 13 mins read
A A
0
Child tax credit: Who’s filing?
ShareShareShareShareShare

Enjoy complimentary access to top ideas and insights — selected by our editors.

Taxpayers must meet certain criteria to qualify for claiming the Child Tax Credit for the 2023 tax year, including having an eligible child dependent under 17 at the end of the year. 

This child would have to live with the taxpayer for more than half of the year, and the taxpayer must have an annual income of no more than $200,000 if filing individually or $400,000 if filing a joint return.

Those in the middle-income groups are more likely to receive refundable CTC, with those earning between $50,000 and $75,000 filing 1,679,026 refundable CTC claims and receiving a total of $3,328,405,000 in refunds. 

Read more about who is filing for the CTC.

Source: IRS

CTCNonrefundable CTC and/or credit for other dependents (number of returns)Nonrefundable Child Tax Credit and/or credit for other dependents (In thousands of $)Refundable CTC or additional CTC (number of returns)Refundable CTC or additional CTC (in thousands of $)
Total returns32,811,56371,248,78815,277,46929,609,163
No AGI and deficit4,5991,402197,930350,834
$1 to under $5,0009,7132,267210,00962,624
$5,000 to under $10,00018,8905,420698,289557,930
$10,000 to under $15,000132,53520,9811,600,8702,363,661
$15,000 to under $20,000419,301134,6782,022,1173,893,921
$20,000 to under $25,0001,249,919386,1931,811,2374,029,020
$25,000 to under $30,0001,507,218911,1711,623,2793,674,698
$30,000 to under $40,0003,834,2774,040,7873,160,0166,561,128
$40,000 to under $50,0003,376,1585,556,8171,813,2813,899,475
$50,000 to under $75,0005,863,48113,125,5071,679,0263,328,405
$75,000 to under $100,0004,126,84611,267,009352,767631,380
$100,000 to under $200,0008,739,64325,504,285105,668248,143
$200,000 to under $250,0001,567,6434,613,3651,7554,757
$250,000 to under $500,0001,952,5305,667,6121,2223,183
$500,000 to under $1,000,0008,81011,29434
$1,000,000 or more0000

Credit: Source link

ShareTweetSendPinShare
Previous Post

UK Treasury ‘saying no to everything’ will hit growth, warns Manchester mayor

Next Post

Finding alternatives to China rare earth minerals proves tough and pricy

Next Post
Finding alternatives to China rare earth minerals proves tough and pricy

Finding alternatives to China rare earth minerals proves tough and pricy

OKX Adds PayPal Integration for Crypto Purchases Across Europe

OKX Adds PayPal Integration for Crypto Purchases Across Europe

July 14, 2025
Bhutan Government Moves .73M Bitcoin to Binance Again – Timing the Market?

Bhutan Government Moves $23.73M Bitcoin to Binance Again – Timing the Market?

July 10, 2025
Trump threatens Russia with tariffs while unveiling new Ukraine weapons plan

Trump threatens Russia with tariffs while unveiling new Ukraine weapons plan

July 14, 2025
Bank of England prepared to cut rates if job market slows, says governor

Bank of England prepared to cut rates if job market slows, says governor

July 14, 2025
Trump is flunking his Epstein test

Trump is flunking his Epstein test

July 15, 2025
Farage attacks government’s handling of Afghan resettlement scheme

Farage attacks government’s handling of Afghan resettlement scheme

July 15, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Crypto Market Maker B2C2 Plans to Raise Up to 0 Million from External Investors

Crypto Market Maker B2C2 Plans to Raise Up to $200 Million from External Investors

July 17, 2025
Food vouchers for North Northamptonshire paused due to demand

Food vouchers for North Northamptonshire paused due to demand

July 17, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!