What Is The Child Tax Credit For 2024. Eligible families received a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 to 17. Lawmakers have reached a deal on the tax framework for a new child tax credit.
For 2023 taxes filed in 2024, the child tax credit is $2,000 for children under age 17. The 2024 child tax credit can reduce your tax liability on your annual taxes.