New Child Tax Credits

[Mom2Two]

I read on CNBC that the new child tax credit for minors law is taken off the taxes owed. Does that include taken off business taxes owed or just income taxes?

[TomCopeland]

child tax credit

I read on CNBC that the new child tax credit for minors law is taken off the taxes owed. Does that include taken off business taxes owed or just income taxes?

The child tax credit has doubled in 2018 from $1,000 per child to $2,000. This is a personal tax credit, not a business tax deduction.

[Mom2Two]

The child tax credit has doubled in 2018 from $1,000 per child to $2,000. This is a personal tax credit, not a business tax deduction.

I just found this link about it.

https://www.efile.com/do-i-qualify-for-the-child-tax-credit-who-is-eligible/