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mikes4344
Returning Member

Dependants

1 child qualify for child tax credit 7yrs old and 1 child 17yrs old the box was check for credit for other dependents I'm confused why.

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1 Best answer

Accepted Solutions

Dependants

You lost the child tax credit for the older child,  You lose the CTC in the year the child turns 17.  Instead you get the credit for other dependents.  You can still claim the 17 year old as a dependent.

 

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

 

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-cre...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

5 Replies

Dependants

You lost the child tax credit for the older child,  You lose the CTC in the year the child turns 17.  Instead you get the credit for other dependents.  You can still claim the 17 year old as a dependent.

 

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

 

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-cre...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
mikes4344
Returning Member

Dependants

Ok so you saying she help a little by bringing my tax percentage down rt.

Dependants

Yes--the $500 credit reduces your tax liability.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
mikes4344
Returning Member

Dependants

Thanks i kinda new it but wanted to be sure. Thanks for your help

Dependants

You are welcome.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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