The Child Tax Credit (Updated for 2017 & 2018, Pre and Post Tax Reform)

This post has been updated for the 2017 (pre tax reform) and 2018 through 2025 tax years (post tax reform). As part of the Republican Tax Cut & Jobs Act (tax reform), there were some pretty notable changes to the Child Tax Credit. Those changes take effect for the 2018 calendar year, but the old rules and amounts still apply for your 2017 taxes. I’ll cover both in this article. What is the Child Tax Credit? The Child Tax Credit is a significant tax credit for those with qualified dependent children under age 17 (more on qualifications in a bit). The Child Tax Credit (Updated for...

[Read the rest of the story at 20somethingfinance.com]