Child Tax Credit

Overview

The Child Tax Credit (CTC) helps qualifying parents with children under the age of 17 offset the cost of everyday household expenses.

The CTC is designed to ensure that the tax code reflects the fact that families have more expenses and less disposable income than individuals and couples with the same income who don’t have children. Parents can use this credit for any expense, even those unrelated to the cost of raising children.

In July of 2025, Congress increased the Child Tax Credit from $2,000 to $2,200 per qualifying child.