The launch of Child Tax Credit Calculator has ensured that parents with kids under the age of 17 can make the most out of the benefits they can get from child tax credit with ease.
Child credit is known to reduce Federal Tax bill by up to $2,000 for every eligible child. The new Tax Cuts and Jobs Act has meant that most American families have the opportunity to claim this credit. However, the rules are strict, and it can be a tedious process.
That’s where the Child Tax Credit Calculator comes into the picture. It helps parents stay on top of calculations for credits they can claim in the year. It’s interesting to note that with changes in rules in December 2017, the credit is now refundable.
Users get information about guidelines to know if their child is eligible for tax credits. They also know how much credit they are eligible for. All they have to do is answer a few questions and they can be guided through a step by step process that leads to substantial benefits.
About Child Tax Credit Calculator
This calculator has been designed to help parents figure out how much child tax credit they can claim in a year simply and conveniently.