My child turns 17 in 2024. When do I need to make changes to my with holdings at my job. Currently I claim the credit of 2000. Do I need to make changes now or wait.

kristal_nelms · ‎November 26, 2023

Bsch4477 · ‎November 26, 2023

Make changes in 2024 since it is the 2024 tax return that will be affected.

xmasbaby0 · ‎November 26, 2023

When you file your 2024 return in early 2025, you will not get the child tax credit for tax year 2024. You lose the CTC in the year the child turns 17. Instead you will get the $500 credit for other dependents. So--make changes to your W-4 for 2024.

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.**

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My child turns 17 in 2024. When do I need to make changes to my with holdings at my job. Currently I claim the credit of 2000. Do I need to make changes now or wait.