Child Tax Credit Amount –
The Child Tax Credit Amount has increased from $1000 in 2017 to $2000 for the 2018 income tax yea. Requirements for receiving the Child Tax Credits have not changed.
Child Tax Credit Limits-
For 2018, the Earned Income Credit Threshold is $2500. This means you must earn atleast $2500 in the 2018 Tax Year for claim the Earned Income Credit aka EIC.
Child Tax Credit Income Phase Out –
The Income Phase Out for Earned Income Credit for 2018 is now $200,000 for single filers adjusted gross income (AGI), and $400,000 for married filling jointly adjusted gross income (AGI). This has increased in 2018 from he 2017 tax year.
Here are a few updates for the 2019 Income Tax Year
For 2019 the Child Income Tax Credit will remain at $2000 per child and has not changed from 2018.
In 2019, the Additional Child Tax Credit Earnings Threshold is also still $2500.
Child Tax Credit Phase Out for 2019 also remains the same at for single filers and head of household filers with an adjusted gross income (AGI) of $200,000, and $400,000 for married filling jointly adjusted gross income (AGI).