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Level 1
December 21, 2020
Question

We had our 2 grand daughters for all of last year. It said we get credit for 1 of the girls but not the other. Why would that be? Their ages now 8 & 17. Neither one has their own income. Both foster d

  • December 21, 2020
  • 3 replies
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3 replies

Level 5
December 21, 2020

for a dependent to qualify for the stimulus or child tax credit they must be under 17 on 12/31/2020

Level 15
December 21, 2020

You mentioned "credit"---assuming you mean the child tax credit, you cannot get the child tax credit (or stimulus money) for a child who was over the age of 16 at the end of 2020.  You lose the child tax credit in the tax year that a child turns 17.  If the 17 year old child is your dependent you get the $500 credit for other dependents for that child instead of the CTC.

 

CREDIT FOR OTHER DEPENDENTS

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-credit

**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.**
Level 15
December 21, 2020

however, if you received the stimulus payment last spring, when your older grandchild would have been listed as 16 years old on the 2019 tax return, you will not be required to return that money.  Review Line 30 on Form 1040.