Five Things to Know About the Child Tax Credit

The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the Child Tax Credit:

  1. Qualifications. For the Child Tax Credit, a qualifying child must pass several tests:
    • Age. The child must have been under age 17 on Dec. 31, 2017.
    • Relationship. The child must be the taxpayer’s son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, half-brother or half-sister. The child may be a descendant of any of these individuals. A qualifying child could also include grandchildren, nieces or nephews. Taxpayers would always treat an adopted child as their own child. An adopted child includes a child lawfully placed with them for legal adoption.
    • Support. The child must have not provided more than half of their own support for the year.
    • Dependent. The child must be a dependent that a taxpayer claims on their federal tax return.
    • Joint return. The child cannot file a joint return for the year, unless the only reason they are filing is to claim a refund.
    • Citizenship. The child must be a U.S. citizen, a U.S. national or a U.S. resident alien.
    • Residence. In most cases, the child must have lived with the taxpayer for more than half of 2017.
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