Ensuring More Families Receive Their Child Tax Credit (CTC). The Child Tax Credit reduces the amount of federal taxes low-income families must pay by up to $1,000 for each qualifying child under the age of 17. For example, a family of four that would otherwise owe $4,000 in taxes might only owe $2,000 after receiving the credit for each of their children. Though the CTC was expanded to a maximum of $1,000 per child from $600 per child in 2002, the credit remained unavailable to millions of low-income families because the minimum amount of earned income.
