Welcome Guest. Sign in or Signup

4 Answers

What is the official amount for the child tax credit in 2013?

Asked by: bustermcleod 4903 views YA Discussion

I’m asking because I have heard conflicting information and can’t seem to find an official answer. I’ve heard 2013 is the last year to get a $ 1000 child tax credit, and then I’ve heard it’s $ 500, and again I’ve heard there is none at all. I’ve also heard that if your child is born BEFORE December 31, 2012, they will receive a $ 1000 tax credit but if they are born AFTER December 31, 2012 they will only receive $ 500. What is the correct information on this? Thanks! =)

How others found here:

  • 2013 child tax credit amount
  • what is the child tax credit amount for 2013
  • child tax credit amount for 2013

4 Answers



  1. ninasgramma on Dec 24, 2012 Reply

    Unless the laws in place are changed for 2013, the child tax credit will be $ 500 for each qualifying child under the age of 17. The credit will only reduce tax owed.

    The Additional Child Tax Credit, which can be paid when the Child Tax Credit is not fully used, will apply only to families with three or more children and will be paid only when the SS and Medicare taxes exceed the Earned Income Credit (which is rarely going to happen).

    Children born before 12/31/2012 do not qualify for a different credit than children born in 2013.

    0 Votes Thumb up 0 Votes Thumb down 0 Votes



  2. Bobbie on Dec 24, 2012 Reply

    The CTC amount is supposed to still be a maximum nonrefundable amount to be used during the 2013 tax filing season on the 2012 income tax return during the 2013 tax filing season and then who know for the 2013 tax year income tax return that will be filled out and filed during the 2014 tax filing season for this purpose and time in our lives.

    Preview of 2012 Tax Year

    Earned Income and adjusted gross income (AGI) must each be less than:

    $ 45,060 ($ 50,270 married filing jointly) with three or more qualifying children
    $ 41,952 ($ 47,162 married filing jointly) with two qualifying children
    $ 36,920 ($ 42,130 married filing jointly) with one qualifying child
    $ 13,980 ($ 19,190 married filing jointly) with no qualifying children

    Tax Year 2012 maximum credit:

    $ 5,891 with three or more qualifying children
    $ 5,236 with two qualifying children
    $ 3,169 with one qualifying child
    $ 475 with no qualifying children

    Investment income must be $ 3,200 or less for the year.

    For more information on whether a child qualifies you for EITC, see Publication 596, Chapter 2, Rules If You Have a Qualifying Child.

    The Tax Relief and Job Creation Act signed into law December of 2010 provides a temporary increase in EITC and expands the credit for workers with three or more qualifying children. These changes are temporary and apply to 2009, 2010, 2011 and 2012 tax years.

    http://www.irs.gov/Individuals/Preview-of-2012-EITC-Income-Limits,-Maximum-Credit–Amounts-and-Tax-Law-Updates

    Hope that you find the above information useful. 12/24/2012

    0 Votes Thumb up 0 Votes Thumb down 0 Votes



  3. Daniel H on Dec 24, 2012 Reply

    $ 1000 for 2012.$ 500 for 2013 IF nothing is done to extend the Bush tax credit. $ 1000 if they’re extended.

    0 Votes Thumb up 0 Votes Thumb down 0 Votes



  4. tro on Dec 24, 2012 Reply

    the child tax credit for 2012 is $ 1000, it reverts to $ 500 for 2013 unless Congress includes this in their eventual bills
    a child before 1159 pm on Dec. 31, is a child for 2012
    12 midnite is 2013
    and the child tax credit is NOT a refund

    0 Votes Thumb up 0 Votes Thumb down 0 Votes


Your Reply