Child Credit

Description and Definition of Child Credit

A tax credit you may qualify for if you have children under the age of 17. The credit is $500 per child in 1999. The right to this credit is phased out as adjusted gross income rises over $110,000 on a joint return, $75,000 on an individual return or head of household return and $55,000 if you're married filing separately.

Resources

See Also

Further Reading

• Child Credit in the West's Tax Law Dictionary
• Child Credit in “A Dictionary of Taxation”