If you have a dependent that doesn't meet the requirements of the Child Tax Credit, you might be able toclaim them as a dependentand qualify for the Other Dependent Tax Credit. The Other Dependent Tax Credit is an alternative credit that can be claimed for dependents. Some of the requireme...
The Child and Dependent Care Credit - Who Qualifies and How?The Child and Dependent Care CreditWilliams, Marvin J
People with qualifying dependents under the age of 17 can claim up to $2,000 in the form of a non-refundable tax payment, although there are also refundable child tax payments. It should be noted that, like any other tax credit, it is a dollar-for-dollar reduction in your taxes. W...
Similar to the federal child and dependent care tax credit, eligible taxpayers can claim a certain limited percentage of their expenses on their state tax returns. For more details about who qualifies as a dependent, see the Instructions for Form FTB 3506 on the California Franchise Tax Board’...
This tool will tell you if your dependent qualifies you for the Child Tax Credit, the Credit for Other Dependents, and the Child and Dependent Care Credit. Our DEPENDucator is a multi-year tool so you can use it for previous years’ tax returns as well! See all of the requirements for...
You could get $4,000* off your taxable income for each dependent you claim in 2015. So who can you claim? *$4,050 in 2017. Note: The content of this video applies only to taxes prepared for 2015. It is included here for reference only.
Who qualifies for Pell Grants and how do you know if you received one? Pell Grant recipients, who will receive $20,000 in student debt forgiveness if they meet the income requirements, make up more than 60% of the student loan borrower...
Patients and their carers will often require a considerable amount of emotional support to help them come to terms with their diagnosis and the anxiety they experience with the disease. The fact that most care given to disabled dependent people is also palliative care is too little recognised....
Dependents count for more money than before with the third stimulus payments, but not every family qualifies. Here's everything you need to know, including how new tax breaks will bring some families a bigger amount.
You can file taxes as a qualified widow(er) for the two years following their death. After that, you must opt for the status of eithersingle filerorhead of household. Rules to Qualify Because it is a somewhat unusual status, there are specific rules and regulations about who qualifies. The...