1: The 2024 Child Tax Credit has been updated with key changes that could impact your tax return.

2: Income limits have been adjusted, making more families eligible for the credit.

3: The credit amount has increased, providing more financial support to families with children.

4: Families with children over the age of 17 can now qualify for the credit.

5: The credit is now fully refundable, meaning eligible families can receive the full amount even if they owe no taxes.

6: Changes to the phase-out rules could affect families with higher incomes.

7: The credit can now be paid monthly in advance, helping families with immediate financial needs.

8: Additional changes to the credit may affect how you claim it on your tax return.

9: Understanding these key changes can help you maximize the benefits of the 2024 Child Tax Credit.