Welcome to FAMILY ADVANCEMENT MINISTRIES!
Making Sense of the Child Tax Credit
Government payments
A qualifying child for the 2023 tax year, generally must:
If you meet all eligibility requirements, and your yearly income is less than $200,000 ($400,000 if a joint return is filed), you qualify for the full amount of the 2023 Child Tax Credit for each qualifying child. Partial credit may be granted to parents and guardians who make higher incomes.
Resources
Government payments
A qualifying child for the 2023 tax year, generally must:
- Be under age 17 at the end of the year
- Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (for example, a grandchild, niece, or nephew)
- Contribute no more than half of their own financial support during the year
- Have lived with your household for more than half the year
- Be properly claimed as your dependent on your tax return
- Not file a joint return with their spouse for the tax year, or file it only to claim a refund of withheld income tax, or estimated tax paid
- Have been a U.S. citizen, U.S. national, or U.S. resident alien
If you meet all eligibility requirements, and your yearly income is less than $200,000 ($400,000 if a joint return is filed), you qualify for the full amount of the 2023 Child Tax Credit for each qualifying child. Partial credit may be granted to parents and guardians who make higher incomes.
- Click below to find out if your child qualifies: https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents
- Watch IRS videos to understand various Tax Credits for Families: https://www.youtube.com/watch?v=8mSgo5qgOeY&t=4s
Resources
- To claim the full Child Tax Credit, click here: https://www.irs.gov/filing/individuals/how-to-file
- Information about the Child Tax Credit, click here.
- The Child Tax Credit Update Portal is no longer available. You can see your total advance payments. Click here.
- Ways to receive Child Tax Credit payments:
- File your tax return electronically, provide bank account information, and receive direct deposit
- Mobile app, prepaid debit card (must have routing and account numbers; check with the provider to confirm which numbers to use)
- Paper check by mail Source: www.irs.gov Information is available in multiple languages. FAM website info updated 1/19/24.
Family Advancement Ministries
A Catholic Charities Agency
To learn about volunteer opportunities at Family Advancement Ministries, click here.
If you are interested in or need information regarding our local St. Vincent de Paul conference, please email [email protected].
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The Seven Themes of Catholic Social Teaching
1. Life and Dignity of the Human Person
2. Call to Family, Community, and Participation
3. Rights and Responsibilities
4. Option for the Poor and Vulnerable
5. The Dignity of Work and the Rights of Workers
6. Solidarity
7. Care for God's Creation
For more information, visit https://www.usccb.org/beliefs-and-teachings/what-we-believe/catholic-social-teaching/seven-themes-of-catholic-social-teaching
1. Life and Dignity of the Human Person
2. Call to Family, Community, and Participation
3. Rights and Responsibilities
4. Option for the Poor and Vulnerable
5. The Dignity of Work and the Rights of Workers
6. Solidarity
7. Care for God's Creation
For more information, visit https://www.usccb.org/beliefs-and-teachings/what-we-believe/catholic-social-teaching/seven-themes-of-catholic-social-teaching
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