Child tax credit
Tax credit for parents with dependent children / From Wikipedia, the free encyclopedia
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This article is about child tax credits in an international perspective. For the United States child tax credit, see Child tax credit (United States).
A child tax credit (CTC) is a tax credit for parents with dependent children given by various countries. The credit is often linked to the number of dependent children a taxpayer has and sometimes the taxpayer's income level. For example, with the Child Tax Credit in the United States, only families making less than $400,000 per year may claim the full CTC. Similarly, in the United Kingdom, the tax credit is only available for families making less than £42,000 per year.