Child Tax Credit
/ˈtʃaɪld tæks ˈkrɛdɪt/
Definitions
- (n.) A tax benefit granted to eligible taxpayers to reduce their federal income tax liability based on the number of qualifying children.
The taxpayer claimed the Child Tax Credit to lower the amount owed on their federal return.
Forms
- child tax credit
- child tax credits
Related terms
See also
Commentary
Ensure eligibility criteria and credit amounts are clearly defined in statutory language to prevent ambiguity and facilitate consistent application.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.