Tax guide

Does the Child Tax Credit change in the new GOP tax bill?

Table of Contents

FAQ

You got this—all you have to do is start!

We make filing taxes delightfully simple with our flat–rate price. Every feature included for everyone.

Start filing

More Tax Guides

The Republican tax bill, the Tax Cuts and Jobs Act, doubles the Child Tax Credit (CTC) from $1,000 to $2,000 for qualifying children under 17, with $1,400 of the credit being refundable. The income threshold is also raised from $75,000 to $200,000 for single parents and from $110,000 to $400,000 for married couples filing jointly.

In addition, a new non-refundable $500 credit can be claimed for dependents who are 17 or older and for non-child dependents such as adult family members with disabilities or elderly parents.

These changes go into effect beginning with the 2018 tax year.

Table of Contents

FAQ

You got this—all you have to do is start!

We make filing taxes delightfully simple with our flat–rate price. Every feature included for everyone.

Start filing

More Tax Guides

It’s not too good to be true. See what others are saying about filing taxes online with 1040.com