@notanaccountant1 wrote:
Well that's not cool. 17 years are just as expensive at 16 year olds.
Thanks for the explanation. Have a good night.
It is not based on expense. That is the cut-off age for Child tax credit that Congress established when they created the credit in 1997 and has not changed since. The amount of the credit has been adjusted because of inflation, but the rules have not.
**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.**
