How Much Is the Child Tax Credit for 2024?

Various family tax credits and deductions, including the 2024 child tax credit have been adjusted for inflation. Here's what they're worth.

Colorful hand prints of a family
(Image credit: Getty Images)

Claiming the child tax credit and other family tax credits and deductions can lower your tax liability or increase your refund. But which credits and deductions you qualify for can change from year to year. And the amounts of the credits and deductions can also change, since many are adjusted yearly for inflation

So, while you might already know about the 2023 child tax credit and other family tax breaks for the previous year, here is what you can expect for the 2024 tax year (for income tax returns normally filed in early 2025).

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Filing StatusNumber of ChildrenPhaseout Amount
Married Filing JointlyNone$17,250
Married Filing JointlyOne or More$29,640
All Other Filing StatusesNone$10,330
All Other Filing StatusesOne or More$22,720
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Filing StatusNumber of ChildrenCompleted Phaseout Amount
Married Filing JointlyNone$25,511
Married Filing JointlyOne$56,004
Married Filing JointlyTwo$62,688
Married Filing JointlyThree or More$66,819
All Other Filing StatusesNone$18,591
All Other Filing StatusesOne$49,084
All Other Filing StatusesTwo$55,768
All Other Filing StatusesThree or More$59,899

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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.