If you qualify for child tax credit 2016, it will be a direct decrease in your federal income tax obligation. In other words, it will lower the amount that you may be obligated to pay to the government. The credit for 2016 tax returns is up to $1,000 for each qualifying child.
To qualify for the child tax credit, you (and the child) MUST have a tax identification number no later than the due date of your 2016 tax return (this includes extensions). So it's a waste of your time trying to even … [Read more...] about What Is Child Tax Credit?
(2016 Tax Returns)