Can poor families benefit from the child tax credit? Q.Can poor families benefit from the child tax credit? A.The child tax credit (CTC) provides a credit of up to $1,000 per child under age 17. If the CTC exceeds taxes owed, families are eligible to receive all or part of the balance as a refund, known as the additional child tax credit (ACTC) or refundable CTC. The credit is reduced by 5 percent of adjusted gross income over $75,000 for single parents and over $110,000 for married couples. Read more about Can poor families benefit from the child tax credit?
