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BobL
Returning Member

Does your qualifying child qualify you for a tax credit

I have 2 children that were 17 in 2020. I coming up with only $500 each child credit .  Last year I received $1500 each child.

 

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4 Replies

Does your qualifying child qualify you for a tax credit

Under the tax laws in effect for 2020 tax returns you cannot get the child tax credit for a child who was older than 16 at the end of 2020, nor could you receive stimulus money for a child older than 16. 

 

For 2020 if your child was 17 at the end of 2020 you get the $500 credit for other dependents instead of the child tax credit.

 

 

 The rules are changing for the 3rd stimulus check and for the child tax credit for 2021.

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859...

 

**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.**

Does your qualifying child qualify you for a tax credit

Has to be under 17 for the Child Tax Credit.  Now they are other qualifying dependent for 500.

Does your qualifying child qualify you for a tax credit

A child over the age of 16 no longer qualifies for the $2000 Child Tax Credit.  They qualify for the Other Dependent credit of $500.

BobL
Returning Member

Does your qualifying child qualify you for a tax credit

Yes it did. Thank all of you that responded.

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