A baby tax credit score quantity is an identification quantity assigned to a taxpayer who claims the kid tax credit score. This quantity is used to trace the taxpayer’s eligibility for the credit score.
The kid tax credit score is a tax break that helps households offset the prices of elevating kids. The credit score is obtainable to taxpayers who’ve qualifying kids beneath the age of 17. The quantity of the credit score varies relying on the taxpayer’s earnings. The kid tax credit score was first enacted in 1997 and has been expanded a number of occasions since then.
