The 2024 tax season is in full swing, and the IRS has already processed nearly 14 million returns within the first week of submitting. In the event you’re on the lookout for to benefit from tax credits, you most likely know whether or not you are eligible for the federal child tax credit of as much as $2,000 per little one. Nevertheless, you may additionally qualify for added little one tax credit score cash this yr out of your state.
Minnesota state leaders say the common little one tax credit score quantity ought to be around $1,200, they usually estimate roughly 300,000 residents will qualify for the credit score. Together with Minnesota, California, Massachusetts, New Jersey and almost a dozen different states have little one tax credit past the federal profit
Discover out under when you dwell in one of many 15 states providing further little one tax credit score aid and the eligibility necessities in your state. For extra tax info, here is when you can expect to receive your child tax credit, how to file your taxes for free and our picks for the best tax software.
Learn extra: File Early and Get Up to 20% Off Your 2023 Taxes With TurboTax
Which states are providing little one tax credit score cash?
These states plan to ship little one tax credit score checks to households in 2024. Be aware that not all are totally refundable, which implies chances are you’ll want an revenue to obtain the complete quantity owed to you.
Arizona: Households can obtain a non-refundable $100 credit score for dependents below age 17. Taxpayers in Arizona can even obtain an extra $25 per dependent above 17 years outdated.
California: Households who earn lower than $25,000 are eligible to obtain $1,000. These incomes between $25,000 and $30,000 would obtain a decreased credit score. The credit score is barely obtainable for kids below age 6 and the household should qualify for the California Earned Income Tax Credit.
Colorado: Households with incomes of $75,000 or less ($85,000 for married taxpayers submitting collectively) may rise up to $1,200 for every qualifying little one. This credit score is barely obtainable for kids below age 6.
Idaho: Below Idaho’s nonrefundable little one tax credit score, households can get $205 for every qualifying little one below 16.
Maine: Resident taxpayers are eligible to say $300 for each qualifying child and dependent below the dependent exemption tax credit score. Qualifying youngsters and dependents are the identical as those that had been claimed below the federal little one tax credit score.
Maryland: Those that make $6,000 or much less may get a $500 refundable tax credit for every qualifying little one below 17 years outdated.
Massachusetts: Households are eligible to obtain $180 for one dependent or $360 for a number of dependents. To qualify, dependents should be below 12 years outdated.
Minnesota: Households can obtain $1,750 per qualifying little one. The credit score phases out for single filers with revenue above $29,500 and $35,000 for taxpayers submitting collectively.
New Jersey: The New Jersey Child Tax Credit Program provides households with an revenue of $30,000 or much less a refundable $500 tax credit score for every little one below 6 years outdated. Households incomes as much as $80,000 may qualify for $300.
New Mexico: Households might be eligible for $75 to $175 per qualifying little one, relying on revenue, by means of the 2031 tax yr.
New York: Eligible households can both declare 33% of the federal child tax credit and federal further little one tax credit score for qualifying youngsters or $100 for every qualifying little one. The state has expanded its credit score to incorporate youngsters below age 4 — beforehand it was just for youngsters age 4 and up.
Oklahoma: Households with an revenue lower than $100,000 are eligible to get 5% of the federal child tax credit (PDF).
Oregon: Households with an revenue lower than $30,000 are eligible to get $1,000 for every little one below age 5.
Utah: Eligible households can obtain $1,000 per little one between the ages of 1 and 4 years outdated. The quantity decreases by $10 or each $1 in revenue that exceeds a sure revenue threshold.
Vermont: Households with an revenue lower than $125,000 are eligible for $1,000 per child below age 5.
We’ll replace this record as extra states determine to ship out little one tax credit score funds. That can assist you maintain observe of all the things you need to find out about taxes this yr, we have put collectively a tax season cheat sheet.
