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.

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.