topic Dependants in After you file

Dependants

mikes4344 — Thu, 30 Jan 2020 19:07:10 GMT

1 child qualify for child tax credit 7yrs old and 1 child 17yrs old the box was check for credit for other dependents I'm confused why.

Re: Dependants

xmasbaby0 — Thu, 30 Jan 2020 19:22:17 GMT

You lost the child tax credit for the older child, You lose the CTC in the year the child turns 17. Instead you get the credit for other dependents. You can still claim the 17 year old as a dependent.

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

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

Re: Dependants

mikes4344 — Thu, 30 Jan 2020 19:25:59 GMT

Ok so you saying she help a little by bringing my tax percentage down rt.

Re: Dependants

xmasbaby0 — Thu, 30 Jan 2020 19:27:21 GMT

Yes--the $500 credit reduces your tax liability.

Re: Dependants

mikes4344 — Thu, 30 Jan 2020 19:28:50 GMT

Thanks i kinda new it but wanted to be sure. Thanks for your help

Re: Dependants

xmasbaby0 — Thu, 30 Jan 2020 19:33:13 GMT

You are welcome.