Gov. Tim Walz used the impending tax filing deadline to remind Minnesotans on Wednesday about the state's new child tax credit, which could mean thousands of dollars in refunds for some lower-income families. The $1,750 credit is the highest child tax credit in the country. It applies to all children 17 years old and younger for eligible families, with no cap on the number of children. .
Nearly half of Americans (43%) admit that they don't understand how tax credits work, a recent GOBankingRates study found. So it's not too surprising that many Americans missed out on claiming the.