Child Tax Credit

Child Tax Credit,

How Do You Define Child Tax Credit?

  1. The Child Tax Credit is provided to U.S. taxpayers for every dependent child under the age of 17 at the end of the tax year. The tax law, recently passed in December 2017, doubles the credit to 2,000 per credit, so most of it is refundable. Previously, it was a 1,000 non-refundable balance. Credit reduces taxpayers' obligations to dollars by intending to provide additional tax incentives to dependent taxpayers.

    • The Child Tax Credit is a $ 2,000 tax credit per eligible child.
    • Eligible children are persons under the age of 17 who are U.S. citizens, U.S. citizens or foreign residents in the United States.
    • This tax credit will be written for high-income families as it aims to help low- and middle-income workers.

Literal Meanings of Child Tax Credit

Child:

Meanings of Child:
  1. A minor under puberty or legal age.

Sentences of Child
  1. Has played tennis since childhood

Synonyms of Child

youngster, boy, girl, young one, little one

Tax:

Meanings of Tax:
  1. Mandatory contribution to government revenue that is collected by the government on employee income and company profits or is included in the cost of certain goods, services and transactions.

  2. Strict restrictions or demands.

  3. Tax collection (on anything else)

  4. Strong demands (someone's power or resources)

  5. Facing someone's fault or crime.

  6. Investigation and evaluation (case cost)

Sentences of Tax
  1. Higher taxes reduce consumer spending

  2. Heavy tax on reader's attention

  3. Hardware and software are subject to 7.5% tax

  4. He knew that the next test would force all his strength

  5. Why are you accusing me of this meaningless accusation?

  6. Agents who charge tax rates

Synonyms of Tax

assessment, condemn, put a strain on, weigh down, pressure, confront, tithe, stress, tribute, blame, make demands on, charge duty on, exact a tax on, burden, tariff, imposition, demand, toll, contribution, accuse, impost, load, levy, demand a tax on, weight, fee, charge

Credit:

Meanings of Credit:
  1. The ability to service goods or services in advance is based on the confidence that payment will be made in the future.

  2. Public praise or appreciation, usually given or received when someone is responsible for an action or idea, becomes or becomes clear.

  3. Confirmation that the student has completed a course or activity that counts for the declared diploma or diploma in the school records

  4. Publicly acknowledge that anyone is involved in its production (anything that will be published or broadcast).

Sentences of Credit
  1. Columns should be included on each page and total costs should be equal to the total balance

  2. The president claims to have acknowledged all the achievements

Synonyms of Credit

recognition, put down, approbation, impute, acclaim, regard, attribute, believe, have faith in, acknowledgement, chalk up, adulation, approval, commendation, credibility, hat tip, set down, ascribe, glory, reliability, solvency, have confidence in, merit