The Child Tax Credit is a tax relief for parents and guardians who look after children who qualify under the provisions of the tax program. These tax credits are deducted from the taxpayers’ total amount of taxes to be paid to the Federal government. Basically, the Child Tax Credit reduces tax liability.

To be qualified in the child care credit exemption, an applicant must have at least one qualifying child and must generate income under a certain limit, depending upon the applicant’s tax filing status (e.g., single, married, filing jointly, etc.).

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