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Deductions & credits
If you don’t claim her you lose the $500 child tax credit but she can apply as much as $1500 toward her tax liability. But since that amount is non refundable she can’t use more than her tax liability. So if her tax liability is less than $500 you are better off claiming her. If you don’t claim her be certain on her return that she checks the box saying that someone else CAN claim her.
January 19, 2025
3:57 PM