Claiming dependents is one of the most effective ways to reduce your taxable income, but there are requirements and restrictions you should know about. To save more on your taxes this year, learn more about claiming dependents, how much money you can save, and who you're allowed to claim as a dependent.| turbotax.intuit.com
The Child Tax Credit (CTC) is a partially refundable credit that provides financial relief for parents with qualifying children under 17. For tax year 2024, the credit can be up to $2,000 per child, with a portion potentially refundable. Eligibility depends on income, filing status, and the child’s age--find out if you qualify.| turbotax.intuit.com
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