Tax calculator

Free child tax credit calculator

Enter your number of qualifying children and income — this child tax credit calculator applies the 2024 $2,000-per-child credit, the phase-out above $200k/$400k, and the $1,700 refundable ACTC limit, updated live, as you type.

InputsLive
Gross pay (this period)
$
Federal income tax rate
%
Estimate from your tax bracket or W-4.
State income tax rate
%
Enter 0 if your state has no income tax.
Other deductions
$
Health insurance, 401(k), etc.
Result
Net pay
$3,267.5
Deductions: $1,732.5 · FICA: $382.5
Net pay$3,267.5
Federal tax$1,100
State tax$250
FICA (SS + Med)$382.5

Estimated only. Actual withholding depends on your W-4 elections, filing status, and local laws. Consult your payroll provider for exact figures.

Results are estimates. Consult a professional.

How it's calculated

How the child tax credit calculator works

The child tax credit (CTC) provides up to $2,000 per qualifying child under age 17, directly reducing the federal income tax you owe. It is one of the largest tax breaks available to families. A portion — the Additional Child Tax Credit (ACTC) — is refundable, meaning you can receive up to $1,700 per child back as a refund even if you owe no tax.

The credit phases out at higher incomes. For every $1,000 (or fraction thereof) of income above the threshold, the available credit is reduced by $50. This phase-out can eliminate the credit entirely at high incomes.

Full CTC = $2,000 × number of qualifying children under 17
Phase-out threshold: $200,000 (single/HOH) | $400,000 (MFJ)
Excess income = max(MAGI threshold, $0), rounded up to next $1,000
Phase-out reduction = (excess income ÷ $1,000) × $50
Reduced CTC = Full CTC phase-out reduction (minimum $0)
ACTC (refundable) = min(reduced CTC, 15% × max(earned income $2,500, $0), $1,700 per child)
IRS Publication 972 — Child Tax Credit and Credit for Other Dependents (2024).
Example

Worked example: two children, partial phase-out

Example: MFJ couple with 2 children, $425,000 MAGI

Morgan and Chris file jointly with 2 qualifying children under 17. Their MAGI is $425,000, which is $25,000 above the MFJ phase-out threshold of $400,000. Full CTC = $2,000 × 2 = $4,000.

Excess income = $425,000 $400,000 = $25,000
Phase-out reduction = ($25,000 ÷ $1,000) × $50 = 25 × $50 = $1,250
Reduced CTC = $4,000 $1,250 = $2,750
ACTC: not applicable — their income tax exceeds $2,750 (non-refundable portion fully absorbed)
$2,750 credit
The couple's child tax credit is $2,750 after the phase-out reduction — $625 per child less than the full $2,000 maximum due to income above the MFJ threshold.
Quick reference

Credit amount by income and number of children (2024)

The table below shows the total available child tax credit at selected income levels for 1, 2, and 3 qualifying children. Credits are shown for single/HOH and MFJ filers. The $1,700 ACTC cap per child applies for lower-income filers where the credit exceeds their tax liability.

MAGI1 child (single)2 children (single)3 children (single)1 child (MFJ)2 children (MFJ)3 children (MFJ)
$100,000$2,000$4,000$6,000$2,000$4,000$6,000
$200,000$2,000$4,000$6,000$2,000$4,000$6,000
$210,000$1,500$3,500$5,500$2,000$4,000$6,000
$300,000$0$0$0$2,000$4,000$6,000
$415,000$1,500$3,500$5,500
$520,000$0$0$0

Phase-out: $200,000 (single/HOH), $400,000 (MFJ). Reduction: $50 per $1,000 of MAGI above threshold. Source: IRS Rev. Proc. 2023-34.

Practical tips

Tips for maximizing the child tax credit

Several common situations affect how much of the credit you can actually use. These tips help you claim the full benefit you are entitled to.

  • Confirm the SSN requirement — Each qualifying child must have a valid Social Security Number (SSN) issued before your return's due date (including extensions). An ITIN does not qualify a child for the $2,000 CTC, though it may qualify for the $500 Credit for Other Dependents.
  • Verify age as of December 31 — A child who turns 17 at any point during the year does not qualify for the CTC for that year, even if they were 16 for most of it. Age is determined on December 31 of the tax year.
  • ACTC can produce a refund even with no tax liability — If your CTC exceeds what you owe in tax, the refundable ACTC portion (up to $1,700 per child) can come back as a refund. You need at least $2,500 in earned income to begin qualifying for any ACTC.
  • Reduce MAGI to preserve the credit — Pre-tax retirement contributions (401(k), IRA), HSA contributions, and self-employed health insurance deductions all lower MAGI. If you are near $200,000 (single) or $400,000 (MFJ), these can protect the full $2,000 per child.
  • Split-custody families: check the custodial parent rule — The CTC generally goes to the custodial parent (the one the child lives with more nights). A non-custodial parent can claim the credit only if the custodial parent signs Form 8332 releasing the exemption.
Accuracy & limits

Accuracy and limitations

This calculator applies the 2024 child tax credit rules: $2,000 per qualifying child, the statutory phase-out thresholds, and the $1,700 ACTC per-child cap. It computes the phase-out reduction using the $50-per-$1,000 rule and estimates the refundable ACTC using 15% of earned income above $2,500.

The calculator does not verify qualifying-child status (residency test, relationship test, age test, SSN requirement), model the interaction with the Credit for Other Dependents ($500 non-refundable credit for dependents who do not qualify for the CTC), or account for the net investment income tax. The credit is claimed on Schedule 8812 (Form 1040). This is a planning tool — not tax advice. Confirm eligibility with IRS Publication 972 or a tax professional.

Glossary

Child tax credit terms defined

A non-refundable credit of up to $2,000 per qualifying child under age 17 with a valid SSN — the portion that offsets tax owed but does not produce a refund beyond tax liability.
The refundable portion of the CTC — up to $1,700 per qualifying child in 2024 — that can be paid out as a refund even when no tax is owed. Calculated on Schedule 8812.
A child who (1) is under 17 at year-end, (2) has a valid SSN, (3) is your son, daughter, stepchild, eligible foster child, or descendant thereof, (4) lived with you more than half the year, and (5) did not provide more than half their own support.
The MAGI level above which the CTC begins to reduce: $200,000 for single/HOH/MFS filers and $400,000 for MFJ filers (2024).
The CTC is reduced by $50 for each $1,000 (or fraction thereof) of MAGI above the applicable threshold.
A separate, non-refundable $500 credit for dependents who do not qualify for the CTC — for example, a dependent child age 17 or older, or a non-child dependent such as an elderly parent.
The IRS form (attached to Form 1040) used to calculate both the CTC and ACTC, including the phase-out computation and the refundable portion.
About

About this child tax credit calculator

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Questions

Frequently asked questions about the free child tax credit calculator

A child tax credit calculator is a free online tool that helps you calculate the federal Child Tax Credit. $2,000 per qualifying child under 17. Phases out above $200k single / $400k MFJ. It runs entirely in your browser with instant results and no sign-up.
No — these are simplified estimates based on 2024 brackets. Real tax filing requires considering all your deductions, credits, AMT, state taxes, and the latest IRS guidance. Use professional tax software or a CPA for filing.
Marginal rate is what you pay on your next dollar of income. Effective rate is total tax ÷ total income — typically much lower because of the progressive brackets and deductions.
Federal only. State tax varies by jurisdiction; some states have no income tax (TX, FL, WA, etc.), others up to 13%+ (CA, NY). Add state tax separately based on your state.

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