A tax deduction reduces the amount of taxes you owe to the federal government. This is different than an income deduction, which reduces your income and therefore will proportionately reduce your tax liability. The Child Tax Credit is a tax deduction and allows people to directly reduce the amount of taxes owed based on the number of qualifying children they have. This credit is “nonrefundable” which means that if the amount of taxes owed is less than the tax credit, the taxes due will be reduced to zero, but the tax credit cannot provide an increase in a tax refund.

What is a Qualifying Child?

According to the Internal Revenue Service, a qualifying child must meet the following criteria:

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