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dm75
New Member

Is anyone else having issues with claiming a dependent credit on TT? I am using the Self-Employed edition, and I pass all of the qualifying IRS rules for that credit.

I talked to a TT rep, she recommended I upgrade to the Live Tax Advice edition. Not helpful at all since the refundable credit is $500 and the Live Assisted Self Employed fed and state version is over $200!
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5 Replies

Is anyone else having issues with claiming a dependent credit on TT? I am using the Self-Employed edition, and I pass all of the qualifying IRS rules for that credit.

It usually helps to remove the dependent then re enter them.  That might clear an error or glitch and reset it.  Are you trying to get the Child Tax Credit or Dependent Care Credit?   Do you have other earned income like W2?  You need a Net Profit on Schedule C self employment to show earned income for child credits.

dm75
New Member

Is anyone else having issues with claiming a dependent credit on TT? I am using the Self-Employed edition, and I pass all of the qualifying IRS rules for that credit.

I will try deleting my dependent. 

I am trying to claim Other Dependent credit. I do have Net Profit on Sch. C.

dm75
New Member

Is anyone else having issues with claiming a dependent credit on TT? I am using the Self-Employed edition, and I pass all of the qualifying IRS rules for that credit.

Deleting my dependent was unsuccessful. Any other suggestions?

Is anyone else having issues with claiming a dependent credit on TT? I am using the Self-Employed edition, and I pass all of the qualifying IRS rules for that credit.

I don't think that is a refundable credit, just reduces your tax to zero.  And it only reduces your regular income tax, not any self employment tax.  So if you have a low income you won't see a change in the refund or tax due.  

Is anyone else having issues with claiming a dependent credit on TT? I am using the Self-Employed edition, and I pass all of the qualifying IRS rules for that credit.

The $500 credit for other dependents is NON-refundable.  It can only reduce your tax owed.  It is not added to your refund.

 

 

CREDIT FOR OTHER DEPENDENTS

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

**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.**

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