For 2024, the Child Tax Credit is $2,000 per qualifying child under age 17 [1].
The credit begins to phase out when modified AGI exceeds:
- $400,000 for Married Filing Jointly
- $200,000 for all other filing statuses [1]
If any portion of the credit is disallowed because tax is reduced to zero, you may be eligible for the Additional Child Tax Credit, which is refundable up to $1,700 per qualifying child [2].