Internal Revenue Code section 24
E914739
Internal Revenue Code section 24 is the provision of U.S. federal tax law that establishes and governs the Child Tax Credit for eligible taxpayers with qualifying children.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal tax law provision
ⓘ
section of the Internal Revenue Code ⓘ |
| administeredBy | Internal Revenue Service NERFINISHED ⓘ |
| appliesInJurisdiction | United States NERFINISHED ⓘ |
| appliesTo | eligible taxpayers with qualifying children ⓘ |
| codifiedIn | Title 26 of the United States Code NERFINISHED ⓘ |
| creditType |
nonrefundable tax credit (in part, depending on year)
ⓘ
refundable tax credit component (Additional Child Tax Credit, depending on year) ⓘ |
| crossReferences |
Internal Revenue Code section 152
NERFINISHED
ⓘ
Internal Revenue Code section 21 NERFINISHED ⓘ Internal Revenue Code section 25A NERFINISHED ⓘ Internal Revenue Code section 26 NERFINISHED ⓘ Internal Revenue Code section 32 NERFINISHED ⓘ |
| defines | qualifying child for Child Tax Credit purposes ⓘ |
| enactedBy | United States Congress ⓘ |
| establishes | rules for the Child Tax Credit ⓘ |
| governs | Child Tax Credit NERFINISHED ⓘ |
| hasComponent |
Additional Child Tax Credit rules
ⓘ
Child Tax Credit amount per qualifying child ⓘ |
| hasEffect | reduces federal income tax liability for eligible taxpayers ⓘ |
| hasPurpose | to provide tax relief to families with children ⓘ |
| hasShortName | IRC § 24 NERFINISHED ⓘ |
| hasSubsection |
section 24(a)
ⓘ
section 24(b) ⓘ section 24(c) ⓘ section 24(d) ⓘ section 24(e) ⓘ section 24(f) ⓘ section 24(g) ⓘ section 24(h) ⓘ section 24(i) ⓘ section 24(j) ⓘ |
| implementedThrough |
Form 1040 and related schedules
NERFINISHED
ⓘ
Schedule 8812 (Credits for Qualifying Children and Other Dependents) NERFINISHED ⓘ |
| isPartOf | Internal Revenue Code NERFINISHED ⓘ |
| legalDomain | federal income tax ⓘ |
| policyArea |
child and dependent support
ⓘ
family tax policy ⓘ |
| provides | credit against income tax liability ⓘ |
| relatedTo | credit for other dependents ⓘ |
| requires |
taxpayer identification number for qualifying child
ⓘ
taxpayer identification number for taxpayer in certain years ⓘ |
| statutoryCitation | 26 U.S.C. § 24 ⓘ |
| subjectTo |
income limitations
ⓘ
periodic amendment by federal legislation ⓘ phase‑out thresholds based on modified adjusted gross income ⓘ |
Referenced by (2)
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