Internal Revenue Code Section 24
GPTKB entity
Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
section of the Internal Revenue Code
|
| gptkbp:amendedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:appliesTo |
taxpayers with qualifying children
|
| gptkbp:codifiedIn |
gptkb:Title_26_of_the_United_States_Code
|
| gptkbp:creditAmount |
$2,000 per qualifying child (as of 2023)
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| https://www.w3.org/2000/01/rdf-schema#label |
Internal Revenue Code Section 24
|
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:phaseOutThreshold |
$200,000 for other filers (as of 2023)
$400,000 for married filing jointly (as of 2023) |
| gptkbp:provides |
gptkb:Child_Tax_Credit
|
| gptkbp:refundablePortion |
up to $1,500 per child (as of 2023)
|
| gptkbp:requires |
child must be under age 17 at end of tax year
child must have a valid Social Security number child must be a U.S. citizen, national, or resident alien |
| gptkbp:startDate |
originally enacted in 1997
|
| gptkbp:title |
gptkb:Child_Tax_Credit
|
| gptkbp:bfsParent |
gptkb:Additional_Child_Tax_Credit
|
| gptkbp:bfsLayer |
6
|