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$500 is not for the Child Tax Credit . It is for the Other Dependent credit. It is right.
You lost the $2000 child tax credit when your child turned 17, but you can still get the $500 credit for other dependents for them. It will be on line 19 of your Form 1040.
When the dependent is age 17 or older they are only eligible for the Other Dependent Credit of $500.
The $2,000 Child Tax Credit is only available for a dependent child under the age of 17.
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