Is the $500 credit for kids all my daughter who was 19 at the end of the year and lived with us will qualify for? She made less than $5k and we made $48k?

lesliemstroud9 · ‎February 3, 2025

DianeW777 · ‎February 3, 2025

Yes, your daughter would qualify for the Other Dependent Credit (ODC) since she is over 16 years of age. This credit is nonrefundable which means it will reduce your tax liability to zero, but will not refund any difference.

Check line 19, Form 1040, then if line 24 is zero you have utilized the ODC. Use the information below to see your forms.

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
Select Tax Tools
On the drop-down select Tools
On the pop-up menu titled “Tools Center”, select View Tax Summary
On the left sidebar, select Preview my 1040

For TurboTax Desktop, change to 'Forms' and review the forms

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xmasbaby0 · ‎February 3, 2025

Was she a full-time college student in 2024? If she was a full-time student then you could also be getting some earned income credit and education credit for claiming her.

**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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Is the $500 credit for kids all my daughter who was 19 at the end of the year and lived with us will qualify for? She made less than $5k and we made $48k?