Make the Most of the Child Tax Credit

A popular tax credit is getting renewed attention this filing season because it's a key component of the economic stimulus payment.

By now, every parent has heard that their children might entitle them to an additional $300 apiece when the payments, or rebates as they are popularly called, are calculated. But some parents have discovered a distressing fact about their kids' tax-rebate eligibility.

Only youngsters that qualify for the Child Tax Credit count toward the stimulus bonus. That essentially rules out most college kids and some high schoolers.

To ensure that you get all that you are entitled to as far as child-related rebate money, here's a look at how the Child Tax Credit works. ...