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2 replies

DoninGA
Level 15
Level 15
December 5, 2023

If you claim him as a dependent on your 2023 federal tax return you will receive a $500 Other Dependent tax credit.

Hal_Al
Level 15
Level 15
December 5, 2023

It comes as a big surprise to many parents the year their child turns 17. A child over age 16 no longer qualifies for the Child Tax credit (CTC). Although a child can still be a student dependent through age 23, and a qualifying child for Earned Income Credit (EIC),  the Child Tax Credit expires the year they turn 17 and you no longer get the $2000 CTC. Instead you will get the non-refundable* (up to) $500 Other Dependent Credit.

 

*A non-refundable credit can only be used to reduce an actual tax liability.