AmyC
Expert Alumni

Deductions & credits

Other dependents, anyone 18 and up, is a $500 credit on your return. The tax laws have completely changed for this year only with many of the rules regarding kids. Next year, 17 and up will be other dependents. The child tax credit varies with the age for the amount, see What is the Child Tax Credit?

 

Your advance credit is money you are used to seeing at refund time but this year may have half of it early.

EIC is also increased for this year in both age and income limits.

 

To view your return, 

  • If you are using the online version:
    1. go to Tax Tools,
    2. then select Tools,
    3. select View Tax Summary,
    4. on the left side, select Preview My 1040.
  • In the desktop program, switch to forms mode.

See your 1040:

  • verify dependents are showing at the top and the boxes are marked correctly. Everyone under 18 is child tax credit, everyone over is Other dependent.
  • Next move to line 27 for EIC,
  • line 28 child tax credit the full amount for each from the article above minus what you already received,
  • line 30 if you didn't get all of your stimulus,
  • on schedule 3, and page 2,13g would have child care credit

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"