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Level 2
January 27, 2020
Question

kids

  • January 27, 2020
  • 3 replies
  • 29 views

Last year, we got $2000 deduction for my daughter and this year we only got $500. Why is this?

    3 replies

    macuser_22
    Alumni - Champ
    Alumni - Champ
    January 27, 2020

    Daughter older than age 16 (or over 23 and not a full-time student) perhaps?

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    ssheltonAuthor
    Level 2
    January 27, 2020

    My daughter is 17

    macuser_22
    Alumni - Champ
    Alumni - Champ
    January 27, 2020

    @sshelton wrote:

    My daughter is 17


    Then, unless she is a full-time student, she is too old for the credit.  All you can get is the $500 other dependent credit.

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**