Refundable Tax Credits!
- Ashley Thomas
- Sep 25, 2019
- 1 min read
Child tax credit
$2,000 per qualifying child and will be refundable up to $1,400, subject to income phaseouts. Note, this credit was previously only a $1,000.
Maximum Earned Income Credit Amounts
The maximum amount of refundable credit for Tax Year 2018 is:
$6,431 with three or more qualifying children
$5,716 with two qualifying children
$3,461 with one qualifying child
$519 with no qualifying children
Subject to income phaseouts
American Opportunity Credit
$2,500 for undergraduate college education expenses with 40% ,up to $1,000, being refundable.
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