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Child Tax Credit Calculator
The Child Tax Credit can provide significant tax relief for families with qualifying children. Understanding how your income, filing status, and number of dependents affect your credit is essential for tax planning. Use this calculator to estimate your Child Tax Credit based on 2024 rules, including phase-out thresholds and refundable portions.
Child Tax Credit Calculator
Child Tax Credit Calculator
Calculate your Child Tax Credit based on your income, filing status, and number of qualifying children. Understand how the phase-out rules affect your credit amount.
Children Details
Income Details
Credit Breakdown
Base Credit (2 × $2,000)$4,000
Additional Credit (Under 6)$1,600
Total Credit Before Phase-Out$5,600
Credit After Phase-Out$5,600
Refundable Portion$3,200
Non-Refundable Portion$2,400
Total Benefit$5,600
Your Results
Total Child Tax Credit
$5,600
2 qualifying children
Refundable Amount
$3,200
Effective Credit per Child
$2,800
Phase-Out Threshold
Your credit begins to phase out at $200,000and is fully phased out at $240,000. Your income of $75,000 is below the threshold, so you receive the full credit.
Tax Tips
- •Children under 6 qualify for an additional $1,600 credit.
- •The credit is partially refundable up to $1,600 per child.
- •Phase-out rules apply based on your AGI and filing status.
- •Consult a tax professional for personalized advice.
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