My daughter turned 18 in the first two months of 2021 so was 17 in 2020.
Per the help section in TurboTax I should qualify for the 2k deduction, but the program is only allowing my a $500.00 deduction now that she is 18.
This appears to possibly be an "undocumented enhancement" to the program.
This is the quote from the help sections:
What are the Child and Other Dependent Tax Credits?
These credits include of the Child Tax Credit and the Credit for Other Dependents. If you have a child or someone you support almost entirely, there's a good chance you're eligible for one of these tax breaks.
The Child Tax Credit is a tax break that can benefit people with children under the age of 17. You can get up to $2,000 for each child you claim. That's money in your pocket.
The Other Dependent Tax Credit is a new $500 tax break for people with dependents who are 17 or older, not necessarily related to them, or have an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number. Same deal here - you'll get $500 for each dependent you claim.
Thank you for the quick assistance !!
Steven
