If you’re like me, you like to get every tax credit that you can.
Why not, right?
It’s like buying something that you know you are going to have to buy, and having a coupon for it.
It would be silly not to use it.
The only problem with tax credits is that it’s hard to keep track of them all. One such credit is the Child Tax Credit. Here are the rules behind the tax credit of 2014; see if you qualify.
Who Can Claim the Child Tax Credit?
Families who earn under $130,000 a year and have one or more dependent children under the age of 17 may take advantage of the Child Care Tax Credit on their tax return.
Do You Qualify for this Credit?
There are, of course, several further conditions that must be examined in order to be certain that you qualify for all or some of the Child Tax Credit. They are as follows: [Read more…]