Deductions & credits

The "Learn More" tax guidance in the desktop turbo tax premier edition (maybe others) is incorrect. It still shows $2000 per child. It should state $3600 for each qualifying child who has not reached age 6 by the end of 2021, or $3,000 for each qualifying child age 6 through 17 at the end of 2021, $500 nonrefundable credit for other dependents.

 

This is copied directly from the 2021 turbotax guidance (again, it is NOT correct):

"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."