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Child Credit
- Posted on April 24, 2008
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Long Island CPA Firm Offering Tax and Financial Advice
The Child Credit was first introduced in 1998, when taxpayers were allowed to claim a $400 tax credit for their qualified children who were under the age of 17 at the end of the tax year. Per prior tax law changes, the child credit has been increased to $1,000 through 2012. Without further legislation, the credit will revert to $500 in 2013.Related Articles
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