Research Report Eligibility for Child Tax Credit by Age of Child
Leonard E. Burman, Laura Wheaton
Display Date
File
File
Download Report
(56.32 KB)

The child tax credit (CTC) is a $1,000 partially refundable federal income tax credit for each qualifying child under age 17. In 2007, tax filers may claim a refundable credit (over and above any tax liability) equal to 15 percent of the excess of earnings over $11,750, up to the $1,000 maximum per child. The earnings threshold means that families with very low incomes get no benefit from the credit, and others will receive only a partial credit. This brief analysis shows that many families with young children tend have lower incomes and are thus left out. In 2007, 30 percent of qualifying children under age 2 in working families had family incomes too low to benefit from the full credit, compared with 27 percent of children overall and 24 percent of children 10 and older.
Research Areas Taxes and budgets
Tags Individual taxes Child Tax Credit
Policy Centers Income and Benefits Policy Center