Tax fillig

Hadiyah1979 — Sat, 18 Jan 2025 16:06:36 GMT

I only made 4000 this year and I have two children can I stilll fill also my kid get ssd

Re: Tax fillig

DoninGA — Sat, 18 Jan 2025 16:08:57 GMT

You do not enter a dependent's Social Security benefits on your tax return. If the SS benefits are the only income received by the dependent they do not have to file a tax return.

You should be eligible for the child tax credit since your income from work is $2,500 or more.

Re: Tax fillig

xmasbaby0 — Sat, 18 Jan 2025 16:09:17 GMT

Do not enter the SSA1099 for your child on your own tax return. Someday if the child has other income (after school job, etc.) and is filing a tax return, for that tax year he will need to include the SSA1099 on his own return. Until then, it does not get entered anywhere.

If you have W-2 income or some self-employment income for 2024, you may be eligible for a small amount of additional child tax credit and earned income credit.

Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. Careful— do not say that your child’s SSN is not valid for employment. If your child was born in 2024 make sure you said he lived with you the whole year. There is an oddly worded question that asks if the child paid over half their own support. Say NO to that question.

Have you entered income from working in 2024? If not, you will not receive an income tax refund based on having dependent children.

The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700. In order to get that credit, you have to have income from working. The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1700 per child. If the amount you earned was too low, you will not get the full $1700.

If your child is older than 16 at the end of 2024, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents

And for the Earned Income Credit

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-eic-or-eitc

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

Look at your 2024 Form 1040 to see the child-related credits you received

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

AND….If you have children but had little or no income, it raises the question of how you and the children were supported. There may be another tax-paying adult who can claim you and/or the children as dependents.

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Tax fillig

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