- Depending upon your tax filing status and your income you may be eligible for a child tax credit of up to $1000 for each qualifying child you are eligible to claim on your tax return.
- An “Additional Child Tax Credit” is for individuals getting less than the full amount of the child tax credit. This “Additional Child Tax Credit”, may give you a refund even if you do not owe any tax.
- Qualifications by the IRS the child must pass relating to divorce include:
- Child must have been under age 17 at the end of the tax filing year
- The child must be your son, daughter, stepchild, foster child, or your adopted child
- The child must not have provided more than half of their own support for the year
- The child must be a dependent that you claim on your federal tax return
- The child must be a U.S. citizen, a U.S. national or a U.S. resident alien
- In most cases the child must have lived with you for more than half of the tax filing year
- There are income limitations that may reduce or eliminate your ability to qualify for a Child Tax Credit
- See IRS publication 972 for more information on the Child Tax Credit
KIDS CORNER | Modeling Behavior We Want Our Children to Emulate
I hope that young children were not still up and watching the *Academy Awards broadcast when Will Smith got out of his seat, walked up the concourse, and forcefully slapped Chris Rock for making a poor joke at the expense of his wife Jada Pinkett Smith. But even if...