The Child Tax Credit Explained

The Child Tax Credit is one of the most valuable tax credits available to
those with children. In this informative video, Mark Steber (Jackson
Hewitt’s Chief Tax Information Officer) breaks down everything families
need to know before they file their 2023 federal income tax return.
Here's what we cover in this video:
00:24 What the Child Tax Credit is
01:06 What you need to know about the Child Tax Credit for this
tax season
01:56 What the financial benefits of the Child Tax Credit are
02:23 Who qualifies to claim the Child Tax Credit
03:42 How the Child Tax Credit is calculated
04:39 How to claim the Child Tax Credit
05:11 The Additional Child Tax Credit
06:25 The Child and Dependent Care Credit
07:00 Frequently asked questions about the Child Tax Credit
Don’t get overwhelmed, watch this video and you’ll gain the knowledge
and strategies you need to help you file your tax return this year.
Learn more about the Child Tax Credit here: www.jacksonhew...
Need to file or have tax questions? We're open all year. Book appointment at office.jackson...
For the latest tax tips, subscribe to Jackson Hewitt: www.youtube.co...
#TaxTips #TaxSeason #ChildTaxCred #Families #taxcredits

[@faithnee]

Interesting information

[@JessBrown-jr7hz]

I love you u answered the one question I needed to know as a single mother with VA benefits

[@andrearobledo9848]

Does the money for the child come from the taxes that have been taken out of the parents income ?

[@ThePaigeMa5ter]

so its not a tax credit (like a deduction from earned income) but rather a $2000 payment?

[@mathewsousa3915]

Why is there no split custody option where each parent gets $1000 each.

[@donzell4254]

I am a disabled veteran with no earned income. Only disability income. How can I benefit from filing tax carrying my child?

[@JessBrown-jr7hz]

Same here I'ma go e it a go

[@danielboyer7005]

My only income is social security...I qualified for CTC in 2021 but 2022
Will I qualify in 2023?

[@melissaclauson379]

That’s what I’m trying to find out

[@mathewsousa3915]

Sickening how a parent who contributes half,split custody50/50(until this year because the child started elementary school) now houses, clothes, feeds, his child as much as possible and can’t get any credit because the mother has claimed her every year and gets all the benefits

[@Bornstandingup]

If this guy just said his people will get it done.

[@Bornstandingup]

Who the fcuk has all seven of the requirements