Additional child tax credit 

The Additional Child Tax Credit (ACTC) is a valuable tax benefit designed to provide additional financial support to families with children. It’s a component of the Child Tax Credit (CTC) and is particularly beneficial for families whose CTC exceeds their federal income tax liability. If you have one or more qualifying children and don’t fully use the regular Child Tax Credit, you may be eligible for the ACTC, which can provide a refundable credit of up to $1,500 per child. This means that even if you don’t owe federal income tax, you may still receive a refund if the ACTC exceeds your tax liability. At American Tax Services, we’re well-versed in helping eligible families navigate the intricacies of the Additional Child Tax Credit, ensuring they receive the maximum benefit to support their children’s well-being and financial stability.