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Get your taxes done using TurboTax
@sailor26 - What are you talking about - the 2018 tax law did nothing of the sort. This question said nothing at all about the child tax credit.
The new 2018 law did away with the "personal exemption", but none of the other benefits of claiming a dependent or who can claim a dependent which depends on the circumstances. A Qualifying Relative dependent now gives the taxpayer a flat $500 credit instead of the previous personal exemption that may or may not have added $500 to the refund. A Qualifying Child dependent under age 19, in addition may add possible EIC and other credits.
The new 2018 law did away with the "personal exemption", but none of the other benefits of claiming a dependent or who can claim a dependent which depends on the circumstances. A Qualifying Relative dependent now gives the taxpayer a flat $500 credit instead of the previous personal exemption that may or may not have added $500 to the refund. A Qualifying Child dependent under age 19, in addition may add possible EIC and other credits.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 3, 2019
5:41 PM