safe harbor amount

Defined in 1 place of the United States Code.

For purposes of this subparagraph, the term “safe harbor amount” means, with respect to any taxable year, the product of—

(I) $2,000, multiplied by

(II) the excess (if any) of the number of qualified children taken into account in determining the annual advance amount with respect to the taxpayer under section 7527A with respect to months beginning in such taxable year, over the number of qualified children taken into account in determining the credit allowed under this section for such taxable year.

Source

2021–present 26 U.S.C. § 24Internal Revenue Code · Child tax credit · under this section