Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.

Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.

Currently, the credit is good for up to $2,000 per dependent child on your taxes. That full amount is "nonrefundable," meaning that you can only receive that much to lower your tax burden. However, up to $1,700 per child can be claimed as a "refundable" credit, meaning that it can be used to increase the amount you receive for your tax refund.

Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy Hochul proposed a expansion of New York’s child tax credit that would give an annual tax credit up to $1,

If you have to pay for care for your children or dependents, you may qualify for the Child and Dependent Care Tax Credit. Find out who is eligible.

A proposal to expand New York’s child tax credit would give families more money per child, Gov. Kathy Hochul announced on Monday. Families with children under 4 years old who get the annual Empire State child credit would be eligible for up to $1,