Child Tax Credit 2013 Calculator Usa
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Reviewed by Calculator Editorial Team
Use this calculator to determine your 2013 Child Tax Credit in the USA. The Child Tax Credit was a refundable credit that provided financial assistance to families with children under 17. This tool helps you estimate your eligibility and potential credit amount based on your family's income and number of qualifying children.
How the 2013 Child Tax Credit Works
The 2013 Child Tax Credit was part of the American Taxpayer Relief Act of 2012, which extended the credit through 2013. This credit was designed to help low- and moderate-income families with the costs of raising children.
Key Features
- Refundable: If your credit exceeds your tax liability, you could receive a refund.
- Phase-out: The credit decreases as your income increases.
- Maximum credit: $1,000 per qualifying child under age 17.
The credit was available for children under 17 years old, including biological, adopted, and foster children. It was not available for children over 17 or stepchildren.
Eligibility Requirements
To qualify for the 2013 Child Tax Credit, you must meet certain criteria:
- You must be a US citizen or resident alien.
- You must have a valid Social Security number.
- You must have a qualifying child under 17 years old.
- Your modified adjusted gross income (MAGI) must be within certain limits.
Income Limits
The income limits for the 2013 Child Tax Credit were:
- $75,000 for single filers
- $110,000 for heads of household
- $150,000 for married couples filing jointly
If your MAGI exceeds these limits, your credit will be reduced or eliminated.
How to Calculate Your Credit
The 2013 Child Tax Credit is calculated based on your family's income and the number of qualifying children. The formula is:
Formula
Child Tax Credit = $1,000 × Number of qualifying children
If your income is above the phase-out range, the credit is reduced by 5% for every $2,500 (or fraction thereof) your income exceeds the phase-out threshold.
For example, if you have two qualifying children and your income is $80,000 (which is $5,000 above the $75,000 single filer threshold), your credit would be reduced by 20% ($1,000 × 2 = $2,000 × 20% = $400).
| Scenario | Income | Children | Credit Amount |
|---|---|---|---|
| Single filer | $60,000 | 2 | $2,000 |
| Single filer | $80,000 | 2 | $1,600 |
| Married filing jointly | $120,000 | 3 | $2,100 |
Worked Examples
Example 1: Single Filer with Two Children
Income: $65,000
Number of qualifying children: 2
Calculation: $1,000 × 2 = $2,000
Result: You qualify for a $2,000 Child Tax Credit.
Example 2: Married Couple with One Child
Income: $140,000
Number of qualifying children: 1
Calculation: $1,000 × 1 = $1,000 (reduced by 4% for $40,000 over limit)
Result: You qualify for a $960 Child Tax Credit.
Frequently Asked Questions
Who qualifies for the 2013 Child Tax Credit?
US citizens or resident aliens with a valid Social Security number and a qualifying child under 17 years old who meet the income limits.
How much is the maximum credit per child?
The maximum credit per qualifying child was $1,000 in 2013.
Is the credit refundable?
Yes, the 2013 Child Tax Credit was refundable, meaning you could receive the full amount even if it exceeded your tax liability.
How does income affect the credit?
The credit decreases by 5% for every $2,500 your income exceeds the phase-out threshold for your filing status.