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The maximum tax credit available per child for each child under age 17 on December 31, 2022 is back to its pre-expansion level of $2,000.
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In tax year 2021, the child tax credit was $3,600 for children age 5 and under and $3,000 for children age 6 to 17.
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1. You have a modified adjusted gross income of $200,000 or less, or $400,000 or less if you're filing jointly.
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2. The child for whom you are claiming the credit was less than 17 years of age as on December 31, 2022.
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3. He has not contributed more than half of his own contribution in the tax year.
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4. You must be a US citizen.
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