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Deductions & credits
You lose the Child Tax Credit for the year in which the child turned 17, even if her birthday was on December 31. Instead, you get the $500 credit for other dependents. Remember that when she was born in late December--you got the CTC for that whole year, even though she was only with you for about a month.
**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.**
‎February 18, 2024
11:54 AM