Children

I have 2 kids one 15 and 17 my 17 year old just graduated high school and he will turn 18 in November and he will be going to college and full time will I get the EIC for him because I did receive 250 for my 15 year old

Deductions & credits

You do not get the CTC for a child who will turn 18 in tax year 2021.    You can only get the child tax credit for a child who will be YOUNGER than 18 at the end of 2021.  You will  get the $500 credit for other dependents for the older child.

 

Do not confuse child tax credit and earned income credit.   Those are two separate child-related credits.   The EIC is not limited to children under the age of 18.   If you qualify for earned income credit you can still receive EIC for the college kid.

 

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-f...

 

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

 

**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.**

Deductions & credits

You can still claim him - the age is under 19 at the end of the year unless he is a full time student, then it is under age 24.

**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.**

Deductions & credits

 

A1. For tax year 2021, the Child Tax Credit is increased from $2,000 per qualifying child to:

  • $3,600 for children ages 5 and under at the end of 2021; and
  • $3,000 for children ages 6 through 17 at the end of 2021.

Note: The $500 nonrefundable Credit for Other Dependents amount has not changed. For more information about the Credit for Other Dependents, see IRS Publication 972, Child Tax Credit and Credit for Other Dependents PDF.

**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.**

Deductions & credits

Thank you