Child Tax Credit 2023: Who Qualifies and What It’s Worth

How much will your child tax credit be for 2023?

2023 text on wooden toy blocks stacked as a square
(Image credit: Getty Images)

The child tax credit (CTC) allows eligible parents and caregivers to reduce their tax liability and might even result in a tax refund. However, not everyone can claim the credit, and credit amounts can differ for those who can. That’s because the 2023 child tax credit (for taxes filed in 2024) is based on income, filing status, the number of children, and whether the IRS considers your dependent a qualifying child.

Here is what else you need to know about the 2023 child tax credit, including how much (if anything) you can expect this year and new child tax credit changes that could be coming soon from Congress.

Child tax credit 2023 FAQs

Katelyn Washington
Tax Writer

Katelyn has more than 6 years’ experience working in tax and finance. While she specializes in tax content, Katelyn has also written for digital publications on topics including insurance, retirement and financial planning and has had financial advice commissioned by national print publications. She believes that knowledge is the key to success and enjoys helping others reach their goals by providing content that educates and informs.