Indeed, the child tax credit will see that some people's net income is greater than their gross income.
The new child tax credit will cover families with children whose combined household incomes are below £ 60,000 a year.
The federal Child Tax Credit is a monetary reduction in the amount of an individual's tax liability for supporting a child.
The Child Tax Credit is unusual in that an exception exists to it which may entitle taxpayers to a refund of any negative tax liability.
If a taxpayer answers "yes" on line 13 of the Child Tax Credit worksheet, lines nine or ten of forms 1040, 1040A or 1040NR, they can carry the additional amount to line 65 on form 1040, 42 on form 1040A or 61 on form 1040NR.