The child tax credit provides up to $2,200 for each qualifying child under age 17, with income-based phaseouts, and includes a refundable component through the additional child tax credit. The earned income tax credit (EITC) supports low- to moderate-income workers and is fully refundable, with the amount depending on income and family size. For education costs, the American opportunity tax credit offers up to $2,500 for each student for qualified expenses during the first four years of college, with part of the credit refundable.
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