3

There have been many tax changes in the US recently, including the increase of the payroll tax. However, I haven't heard about the significant child tax credit. Will the child tax credit stay at its 2012 amount or be phased out?

Improve this question
1
  • I checked the IRS page, but I didn't see anything about 2013.
    – C. Ross
    Commented Jan 15, 2013 at 14:29

1 Answer 1

Reset to default
4

Extended for five years. I wrote an article Over The Cliff and Back, in which I highlight the 2013 changes agreed to in Washington New Years evening. It remains at $1000 per child, but same as in prior years, phases out based on income.

The details of H.R. 8, the American Taxpayer Relief Act (ATRA) of 2012, runs a full 157 pages. As a PDF, it's friendly to searching on specific words to find what you seek.

Improve this answer
1
  • 2
    Surprisingly the act is actually readable and relatively easy to understand if you know what you're looking for. I'm not used to that with legalese.
    – littleadv
    Commented Jan 15, 2013 at 18:25

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .