The 2024 tax season is in full swing, and the IRS has already processed practically 14 million returns within the first week of submitting. For those who’re on the lookout for to make the most of tax credit, you in all probability know whether or not you are eligible for the federal little one tax credit score of as much as $2,000 per little one. Nonetheless, you may additionally qualify for extra little one tax credit score cash this yr out of your state.
Minnesota state leaders say the common little one tax credit score quantity must be round $1,200, they usually estimate roughly 300,000 residents will qualify for the credit score. Together with Minnesota, California, Massachusetts, New Jersey and practically a dozen different states have little one tax credit past the federal profit
Discover out under if you happen to reside in one of many 15 states providing extra little one tax credit score aid and the eligibility necessities in your state. For extra tax info, here is when you’ll be able to anticipate to obtain your little one tax credit score, methods to file your taxes totally free and our picks for the greatest tax software program.
Learn extra: File Early and Get As much as 20% Off Your 2023 Taxes With TurboTax
Which states are providing little one tax credit score cash?
These states plan to ship little one tax credit score checks to households in 2024. Be aware that not all are absolutely refundable, which suggests you could want an revenue to obtain the complete quantity owed to you.
Arizona: Households can obtain a non-refundable $100 credit score for dependents underneath age 17. Taxpayers in Arizona may obtain an extra $25 per dependent above 17 years outdated.
California: Households who earn lower than $25,000 are eligible to obtain $1,000. These incomes between $25,000 and $30,000 would obtain a diminished credit score. The credit score is barely accessible for youngsters underneath age 6 and the household should qualify for the California Earned Earnings Tax Credit score.
Colorado: Households with incomes of $75,000 or much less ($85,000 for married taxpayers submitting collectively) might stand up to $1,200 for every qualifying little one. This credit score is barely accessible for youngsters underneath age 6.
Idaho: Below Idaho’s nonrefundable little one tax credit score, households can get $205 for every qualifying little one underneath 16.
Maine: Resident taxpayers are eligible to say $300 for every qualifying little one and dependent underneath the dependent exemption tax credit score. Qualifying kids and dependents are the identical as those that have been claimed underneath the federal little one tax credit score.
Maryland: Those that make $6,000 or much less might get a $500 refundable tax credit score for every qualifying little one underneath 17 years outdated.
Massachusetts: Households are eligible to obtain $180 for one dependent or $360 for a number of dependents. To qualify, dependents have to be underneath 12 years outdated.
Minnesota: Households can obtain $1,750 per qualifying little one. The credit score phases out for single filers with revenue above $29,500 and $35,000 for taxpayers submitting collectively.
New Jersey: The New Jersey Baby Tax Credit score Program offers households with an revenue of $30,000 or much less a refundable $500 tax credit score for every little one underneath 6 years outdated. Households incomes as much as $80,000 might qualify for $300.
New Mexico: Households may very well be eligible for $75 to $175 per qualifying little one, relying on revenue, by the 2031 tax yr.
New York: Eligible households can both declare 33% of the federal little one tax credit score and federal extra little one tax credit score for qualifying kids or $100 for every qualifying little one. The state has expanded its credit score to incorporate kids underneath age 4 — beforehand it was just for youngsters age 4 and up.
Oklahoma: Households with an revenue lower than $100,000 are eligible to get 5% of the federal little one tax credit score (PDF).
Oregon: Households with an revenue lower than $30,000 are eligible to get $1,000 for every little one underneath age 5.
Utah: Eligible households can obtain $1,000 per little one between the ages of 1 and 4 years outdated. The quantity decreases by $10 or each $1 in revenue that exceeds a sure revenue threshold.
Vermont: Households with an revenue lower than $125,000 are eligible for $1,000 per little one underneath age 5.
We’ll replace this record as extra states resolve to ship out little one tax credit score funds. That can assist you hold monitor of every little thing you need to learn about taxes this yr, we have put collectively a tax season cheat sheet.