How much is the Child Tax Credit in 2022?

For 2022, the CTC has reverted back to it's original design as a nonrefundable tax credit - meaning it only reduces a person's tax liability by up to $2,000 per eligible child and is not paid out as a refund. A nonrefundable tax credit means it is not issued as a refund but only applied to taxes owed on that tax return.

When you file your 2022 tax return, the Child Tax Credit will be on your tax return as a nonrefundable tax credit reducing your tax liability.