What is one qualification for the Additional Child Tax Credit?

The Additional Child Tax Credit (ACTC) provides a refundable tax credit to taxpayers who qualify based on their earned income and the number of qualifying children. One key qualification for claiming the ACTC is that the taxpayer must have earned income exceeding a specific threshold, which is set at $3,000. This requirement ensures that the credit benefits taxpayers who are actively earning income and are financially supporting their children.

Having earned income above this amount allows qualifying individuals to receive a credit that can significantly reduce their tax liability or increase their refund. The focus on earned income as a qualification emphasizes the program's aim to assist families who are engaged in the workforce and need support for their children.