A Qualified Child Payment is a type of payment made to families with children that meet certain eligibility criteria. The specifics of the payment vary depending on the country and program. Here are some details about Qualified Child Payments in the United States and Ireland:

United States:

• The Child Tax Credit is a tax break that can be taken for qualifying children.
• The credit is nonrefundable, but some taxpayers may be eligible for a partial refund of up to $1,600 through the additional child tax credit when they file in 2024.
• To qualify, taxpayers and their children must meet certain eligibility criteria that take into account the childs age, as well as their relationship to the person claiming them. Taxpayers must also meet income thresholds to take full advantage of the benefit because the credit phases out for high earners.
• The IRS is sending families half of their 2021 Child Tax Credit as monthly payments of $300 per child under age 6 and $250 per child ages 6 to 17.

Ireland:

• An Increase for a Qualified Child (IQC) is an extra amount paid to a social welfare payment for a child dependant.
• To get an IQC, the child must be resident in the State and under 18 years of age.
• The child does not have to be financially dependent on the parent to receive the IQC.
• An IQC can be paid on behalf of foster children.

In summary, a Qualified Child Payment is a type of payment made to families with children that meet certain eligibility criteria. The specifics of the payment vary depending on the country and program.