Connect with us

Hi, what are you looking for?

OMD NewsOMD News


Child Tax Credit 2024: Here are the Eligibility Requirements!

Child Tax Credit 2024
Eligibility requirements for the Child Tax Credit 2024. (Photo: WSU)

This tax season, experts advised residents eligible for the Child Tax Credit 2024 to wait for the outcomes of the proposed expansion by U.S. lawmakers.

Child Tax Credit 2024

Eligibility requirements for the Child Tax Credit 2024. (Photo: WSU)

Child Tax Credit 2024

Millions of Americans are expected to file their taxes on Monday, but experts advise waiting for the outcomes of the proposed expanded Child Tax Credit 2024 by the U.S. lawmakers. If you have children who are eligible for the Child Tax Credit, you might consider not filing yet.

In a published article in CNET, lawmakers are working on the expansion of the Child Tax Credit 2024. Meanwhile, both of the CTC, including the proposed one, is partially refundable. However, there are requirements to be met to claim the Child Tax Credit 2024.

READ ALSO: NAACP Advocates For Student Loan Debt Relief For Black Borrowers As Form Of Reparations

Eligibility for the Child Tax Credit 2024

According to a published article in the CNBC, here are the eligibility requirements for the Child Tax Credit 2024:

  • You have a modified adjusted gross income, or MAGI, of $200,000 or less, or $400,000 or less if you’re filing jointly.
  • The child you’re claiming the credit for was under the age of 17 on Dec. 31, 2023.
  • They have a valid Social Security number.
  • They are your legally recognized child, stepchild, foster child, sibling, half-brother or half-sister, or a descendant of one of these categories (like a grandchild or niece or nephew).
  • They have contributed no more than half of their own financial support in the relevant tax year.
  • They have lived with you for over half the year.
  • You are claiming them as a dependent on your tax return.
  • You are a US citizen or resident alien.

Furthermore, taxpayers are advised to visit the official website of the Internal Revenue Service to know more information about the CTC 2024.

READ ALSO:Denver Basic Income Program: $50 To $1,000 Monthly For Migrants Amidst Housing Crisis

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...


The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...


The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...


In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...