What CHILD TAX CREDIT means: A credit of up to $1,000 per eligible child under age 17 at the end of the tax year. The credit may be refundable for taxpayers with three or more children eligible for the credit and for those whose earned income exceeds a specified amount that is adjusted for inflation each year.
- Definition Common Stock:
- Dictionary ownership of a corporation that are entitled to residual dividends, after bonds and preferred stock have first received interest and dividends. A common stockholder usually has a vote in deciding child tax credit definition.
- Definition Constructive Receipt:
- Dictionary taxpayer is taxed on income only as it is received. But if the income was unreservedly subject to his or her demand and he or she could have received it but chose not to do so, it is regarded as child tax credit explain.
- Definition Capitalize:
- Dictionary To treat the cost of additions and improvements to property as a capital improvement or expenditure child tax credit what is.
- Definition Change In Accounting Period:
- Dictionary A change from one accounting period to another. Income for the short period created by the change must be annualized to calculate the tax for that period child tax credit meaning.
How works Child Tax Credit meaning in Tax definitions C .
