Child Tax Credits?

Question

So from my understanding, the Child Tax Credit is worth $2,000, but only $1,400 is refundable. Ok. Then they throw in the Additional Child Tax Credit worth up to 15% of your taxable income of anything over $2,500. What is the difference between these two credits? Do you have to take the ACTC to even get the refundable portion of the CTC?

Anonymous · Answer

It's the same money.  First you apply the money to your tax bill.  If money is leftover, then the ACTC comes into play.

Child Tax Credits?

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