Colorado has new Child Tax Rules for 2024. You can claim a credit for a child under 17. So if your child is 14 they would qualify for the child tax credit under 2024 rules.
For tax year 2024, the Colorado CTC also includes the new Family Affordability Tax Credit, which has different requirements from the regular Colorado child tax credit.
- For the regular Colorado child tax credit, the child must be under age 6 at the end of 2024 (born in 2019 or later), and your Adjusted Gross Income (AGI) must be $75,000 or less ($85,000 if filing jointly).
- For the new Family Affordability Tax Credit, the child must be under age 17 at the end of 2024 (born in 2008 or later), and your Adjusted Gross Income (AGI) must be $85,000 or less ($95,000 if filing jointly).
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