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Get your taxes done using TurboTax
Hi Trina1561,
Thank you for reaching out to Intuit's TurboTax Ask the Experts Event. It is great that you help support your in-laws You would be able to claim them on your tax return and receive an Other Dependent Credit of up to $500 each if they meet the following criteria:
Taxpayers with dependents who don't qualify for the child tax credit may be able to claim the credit for other dependents. This is a non-refundable credit. It can reduce or, in some cases, eliminate a tax bill but, the IRS cannot refund the taxpayer any portion of the credit that may be left over.
Here's more information to help taxpayers determine if they're eligible to claim it on their 2021 tax return.
The maximum credit amount is $500 for each dependent who meets certain conditions. For example, ODC can be claimed for:
- Dependents of any age, including those who are age 18 or older.
- Dependents who have Social Security numbers or individual taxpayer identification numbers.
- Dependent parents or other qualifying relatives supported by the taxpayer.
- Dependents living with the taxpayer who aren't related to the taxpayer.
The credit begins to phase out when the taxpayer's income is more than $200,000. This phaseout begins for married couples filing a joint tax return at $400,000.
A taxpayer can claim this credit if:
- They claim the person as a dependent on the taxpayer's return.
- They cannot use the dependent to claim the child tax credit or additional child tax credit.
- The dependent is a U.S. citizen, national or resident alien.
Also, if your in-laws only income is social security that would not have to file their own tax return.
Have a great day!
AnthonyC_CPA
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