DawnC
Employee Tax Expert

[Event] Maximize Your Deductions | Ask the Experts

Correct.  TurboTax does not handle the preparation of Form 1040-NR -  Does TurboTax handle Form 1040-NR for nonresident aliens?   There is contact information for our partner, Sprintax, if you need assistance filing 1040-NR

 

if your children have an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number (SSN), they may qualify you for the $500 Credit for Other Dependents.  

 

To claim the $500 credit for your children, the following conditions must be met:

 

  • Identification: The child must have a valid ITIN, SSN, or ATIN assigned by the due date of your tax return (including extensions).
  • Residency: The child must be a U.S. citizen, U.S. national, or U.S. resident alien.
  • Dependency: You must claim the child as a dependent on your tax return.
  • Support: The child must not provide more than half of their own financial support for the year.
  • Income Limit: Your modified adjusted gross income (MAGI) must be below the phase-out threshold, which is $200,000 for single filers or $400,000 for married couples filing jointly.

 

  What is the $500 Credit for Other Dependents (“Family Tax Credit”)?

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