child tax credit

child tax credit definition - finance
A tax credit of $600 for each child who is younger than 17 years of age, as of this printing. The credit is phased out when adjusted gross income exceeds $110,000 for married couples filing jointly, $55,000 for married separate filers, and $75,000 for all other taxpayers.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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