Which of the following statement about the child tax credit is true?
A)The credit is available for a qualifying child or a qualifying relative.
B)The credit is available regardless of how much income the taxpayer has.
C)The amount of the credit is limited to $1,000 per return.
D)More than one of the above is true.
E)None of the above is true.

Question

Quizplus · Accepted Answer

The child tax credit is specifically for qualifying children, not qualifying relatives, and it is subject to income limitations. Additionally, the amount of the credit has been higher than $1,000 per return, especially with recent tax law changes.

Which of the Following Statement About the Child Tax Credit