Level 15

Deductions & credits

" Doesn't seem fair. "    This often comes as a shock to parents with the first child to turn 17.  Congress wrote the tax law that way, so in the year the child turns 17, you lose the child tax credit.  They used the same criteria to determine whether you would receive a stimulus check for a dependent child.  You could only get the $500 stimulus for a child who was UNDER 17 in 2019.

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