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CHILD TAX CREDIT You may receive a $1000.00 credit for each qualifying child under age 17
that you claim as a dependent for calendar years through 2010. The credit will be phased out for higher income taxpayers. Allowance for tuition expenses incurred by students pursuing degrees or vocational training. May be used by low and middle income families. Lifetime learning credit maximum increases to $2,000. CHILD CARE CREDIT Maximum increases to 35% of $3,000 for one qualifying child and $6,000 for 2 or more. |
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