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Nov 20, 2020Child Tax Credit (CTC)
If your child is under 17, you may qualify for the Child Tax Credit (CTC). You can also receive a part of the credit, which is refundable, called the Additional Child Tax Credit (ACTC). To be eligible for the CTC, your qualifying child must have a social security number, have lived with you for more […]
adminNov 2, 2020What do I need to claim a dependent?
For tax years 2018 to 2025, there are no personal exemptions for dependents as well as the individuals filing. Prior to 2018, you qualify for $4,050 for your dependent’s personal exemption. Here are the requirements to claim a qualifying dependent: Claiming a qualifying child There are specific requirements to claim a qualifying child: Claiming a […]
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