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The Credit for Other Dependents is a $500 tax break for some of your qualifying dependents who don't qualify for the Child Tax Credit. You can get this credit for children, relatives and people ...
IRS Form 1040 Instructions: How to Fill Out a 1040 . ... Line 19: Here you will fill out any child tax credits you are entitled to, or credit for other dependents. Line 20: ...
If you cannot claim your dependents for the Child Tax Credit, they may still qualify for a non-refundable tax credit of up to $500, known as the Credit for Other Dependents.
The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provided $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [b]). In 2021, following the passage of the American Rescue Plan ...
The United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1]
The child tax credit (CTC) is doubled from $1,000 to $2,000, $1,400 of which will be refundable. There is also a $500 credit for other dependents, versus zero under current law. The lower threshold for the high-income phaseout for the CTC changes from $110,000 AGI to $400,000 for married filers. [30]
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