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Deductions & credits
Did your child turn 17 in 2020? You lose the child tax credit in the tax year in which the child turns 17 and instead you get the $500 credit for other dependents under the 2020 tax laws. The child tax credit is changing effective for 2021.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 4, 2021
8:07 PM