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After you file
If you have dependents who don't qualify for the Child Tax Credit, you may be able to claim the Credit for Other Dependents. The maximum credit amount is $500 for each dependent who meets certain conditions. These, include:
- Dependents who are age 17 or older.
- Dependents who have 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 situations below are some of the most common reasons why you might be getting less money than you expected:
- Did your income increase?
- Did you adjust your withholding to maximize your take home pay?
- Did you receive unemployment benefits, but didn’t have taxes withheld?
- You earned little or no income, and didn't qualify for the Earned Income Credit (unemployment doesn't count as earned income)
- Did you sell stock?
- Did you take an early withdrawal from your retirement account?
- Did you claim the Recovery Rebate Credit, but overestimated the amount or didn't qualify?
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January 31, 2022
7:18 AM