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We had our 2 grand daughters for all of last year. It said we get credit for 1 of the girls but not the other. Why would that be? Their ages now 8 & 17. Neither one has their own income. Both foster d
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We had our 2 grand daughters for all of last year. It said we get credit for 1 of the girls but not the other. Why would that be? Their ages now 8 & 17. Neither one has their own income. Both foster d
for a dependent to qualify for the stimulus or child tax credit they must be under 17 on 12/31/2020
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We had our 2 grand daughters for all of last year. It said we get credit for 1 of the girls but not the other. Why would that be? Their ages now 8 & 17. Neither one has their own income. Both foster d
You mentioned "credit"---assuming you mean the child tax credit, you cannot get the child tax credit (or stimulus money) for a child who was over the age of 16 at the end of 2020. You lose the child tax credit in the tax year that a child turns 17. If the 17 year old child is your dependent you get the $500 credit for other dependents for that child instead of the CTC.
CREDIT FOR OTHER DEPENDENTS
**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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We had our 2 grand daughters for all of last year. It said we get credit for 1 of the girls but not the other. Why would that be? Their ages now 8 & 17. Neither one has their own income. Both foster d
however, if you received the stimulus payment last spring, when your older grandchild would have been listed as 16 years old on the 2019 tax return, you will not be required to return that money. Review Line 30 on Form 1040.