With the 2024 tax season beginning at present, you would be good to search for any tax credit you qualify for. While you most likely already know whether or not you are eligible for the federal little one tax credit score of as much as $2,000 per little one, you may qualify for added little one tax credit score cash this yr out of your state.
On the federal degree, lawmakers are working to develop little one tax credit score, which might enhance the refundable quantity by $200 per little one. Congress is working to have a plan in place quickly, however nothing is promised. We’ll hold you up to date as extra information develops.
Find out under when you dwell in one of many 14 states providing extra little one tax credit score aid, and the eligibility necessities to your state. For extra tax data, here is easy methods to monitor a paper refund coming in the mail and easy methods to file your taxes free of charge.
Which states are providing little one tax credit score checks?
These states plan to ship little one tax credit score checks to households in 2024. Note that not all are absolutely refundable, which suggests it’s possible you’ll want an earnings to obtain the total quantity owed to you.
(*14*)California: Families who earn lower than $25,000 are eligible to obtain $1,000. Those incomes between $25,000 and $30,000 would obtain a decreased credit score. The credit score is barely accessible for youngsters beneath age 6 and the household should qualify for the California Earned Income Tax Credit.
(*14*)Colorado: Families with incomes of $75,000 or much less ($85,000 for married taxpayers submitting collectively) may stand up to $1,200 for every qualifying little one. This credit score is barely accessible for youngsters beneath age 6.
(*14*)Idaho: Under Idaho’s nonrefundable little one tax credit score, households can get $205 for every qualifying little one beneath 16.
(*14*)Maine: Resident taxpayers are eligible to assert $300 for every qualifying little one and dependent beneath the dependent exemption tax credit score. Qualifying youngsters and dependents are the identical as those that have been claimed beneath the federal little one tax credit score.
(*14*)Maryland: Those who make $6,000 or much less may get a $500 refundable tax credit score for every qualifying little one beneath 17 years outdated.
(*14*)Massachusetts: Families are eligible to obtain $180 for one dependent or $360 for a number of dependents. To qualify, dependents should be beneath 12 years outdated.
(*14*)Minnesota: Families can obtain $1,750 per qualifying little one. The credit score phases out for single filers with earnings above $29,500 and $35,000 for taxpayers submitting collectively.
(*14*)New Jersey: The New Jersey Child Tax Credit Program offers households with an earnings of $30,000 or much less a refundable $500 tax credit score for every little one beneath 6 years outdated. Households incomes as much as $80,000 may qualify for $300.
(*14*)New Mexico: Families could possibly be eligible for $75 to $175 per qualifying little one, relying on earnings, by way of the 2031 tax yr.
(*14*)New York: Eligible households can both declare 33% of the federal little one tax credit score and federal extra 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 beneath age 4 — beforehand it was just for youngsters age 4 and up.
(*14*)Oklahoma: Households with an earnings lower than $100,000 are eligible to get 5% of the federal little one tax credit score (PDF).
(*14*)Oregon: Families with an earnings lower than $30,000 are eligible to get $1,000 for every little one beneath age 5.
(*14*)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 earnings that exceeds a sure earnings threshold.
(*14*)Vermont: Households with an earnings lower than $125,000 are eligible for $1,000 per little one beneath age 5.
We’ll replace this listing as extra states resolve to ship out little one tax credit score funds. To assist you to hold monitor all each it is best to find out about taxes this yr, we have put collectively a tax season cheat sheet.