Who qualifies for the Additional Child Tax Credit?

The Additional Child Tax Credit is designed to provide financial relief to taxpayers who have qualifying children and meet certain income requirements. To qualify for this credit, taxpayers must have earned income above a threshold, which is set at $3,000 for the purposes of this credit. This means that individuals who earn at least this amount can potentially access additional credits beyond the standard Child Tax Credit.

The other options do not align with the requirements for the Additional Child Tax Credit. For instance, the credit is not limited to those with children under the age of five, so a broader range of dependents is acceptable. Additionally, it is irrelevant for individuals with no dependents, as the credit is specifically tied to children, making this group ineligible. Lastly, the credit is not restricted to only high-income earners; instead, it has been designed to assist those with lower to moderate income levels who meet the earned income criteria. Thus, option B accurately identifies the eligibility requirement based on earned income, making it the correct choice.