Dr. Friday explains the updated child tax credit for 2025, including how much you can claim, who qualifies, and what’s refundable.
Transcript
G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment.
The child tax credit will be up to $2,200. That’s up from $2,000 that we had at the beginning of 2024 or in 2024. The refundable portion for people with lower income would be about $1,700 per child. The child does have to have a Social Security number. It cannot be a non-resident, it has to be a U.S. citizen.
So if that helps you, I hope you’re going to be able to do that. I hope it does, because anytime we can put more money in our pocket, that’s what we want you to do. We want you to understand that that’s the way you’re going to keep your taxes in the right place.
If you need help just doing your taxes, 615-367-0819.
You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.