oboloo Glossary

Additional Child Tax Credit

oboloo Glossary

Additional Child Tax Credit

Additional Child Tax Credit (ACTX): A credit that helps offset any additional taxes owed due to having dependent children, and can be worth up to $2,000 per eligible child. This tax break is designed to help families with dependent children manage their finances more effectively by reducing their tax burden. ACTX is a great way for parents to keep more of their hard-earned money and provide financial security for their families.