ICOME DETERMINES ELIGIBILITY
If a family makes above a certain income limit, they will not receive the Child Tax Credit cash so it’s mainly aimed at lower income households.
While the income limits determine how much you will receive and if you qualify, there isn’t a limit on the number of children you can receive credit for.
Parents who make less than $150,000 together or a single parent who makes under $112,500 will be entitled to the full amount.
If you have a higher income you’ll get less.
You’ll get $50 less for every $1,000 of income over those threshold amounts.
