|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:appliesTo
|
taxpayers with dependent children
|
|
gptkbp:canBeRefundable
|
yes
|
|
gptkbp:claimedBy
|
federal income tax return
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:eligibilityAgeLimit
|
under 17 years old
|
|
gptkbp:enactedBy
|
gptkb:U.S._Congress
|
|
gptkbp:expansion
|
gptkb:American_Rescue_Plan_Act_of_2021
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
child tax credit
|
|
gptkbp:introducedIn
|
1997
|
|
gptkbp:maximumCreditPerChild
|
$2,000
|
|
gptkbp:phaseOutThreshold
|
$200,000 (single), $400,000 (married filing jointly)
|
|
gptkbp:publicLawNumber
|
gptkb:IRS_Form_1040
|
|
gptkbp:purpose
|
reduce tax liability for families with children
|
|
gptkbp:refundablePortion
|
up to $1,600 (2023)
|
|
gptkbp:relatedTo
|
gptkb:American_Rescue_Plan_Act
earned income tax credit
additional child tax credit
|
|
gptkbp:subject
|
income limits
|
|
gptkbp:bfsParent
|
gptkb:Economic_Growth_and_Tax_Relief_Reconciliation_Act_of_2001
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
|
gptkbp:bfsLayer
|
5
|