Child tax credits are financial benefits provided by the government to help families with the costs of raising children. These credits reduce the amount of income tax owed, making it easier for parents to manage expenses related to their children, such as education, healthcare, and daily needs. The amount of the credit can vary based on factors like income level and the number of children in the household. In the United States, the Child Tax Credit can provide families with a significant reduction in their tax bill. Eligible families can receive a credit for each qualifying child under a certain age, which can be claimed when filing their annual tax return. This program aims to support families and promote child well-being.