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own child tax creditCNET
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82% Informative
The child tax credit offers an amount of tax relief to parents for each child under 17 years of age that they claim as a dependent.
The credit was expanded to pay out $ 3,600 per child under 6 years old in 2021 .
After 2021 , Congress didn't renew the temporary tax break and the credit reverted back to its prior levels.
It is scheduled to drop again after 2025 to $ 1,000 per child.
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