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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). In order to receive the CTC, your qualifying child must have a social security number. After tax year 2018, taxpayers can […]
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 in claiming a qualifying dependent: They must be a qualifying child or relative Be U.S. citizen, a U.S. national, U.S. […]
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