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  2. What is the Credit for Other Dependents? - AOL

    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 ...

  3. Don’t Qualify for the Child Tax Credit? See If Credit for ...

    Do not confuse the credit for other dependents of $500 with the child and dependent care credit, which enables you to receive a tax credit of up to $8,000 for one dependent — or $16,000 for two ...

  4. Child tax credit (United States) - Wikipedia

    The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provides $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 Act of 2021, it was temporarily raised to $3,600 ...

  5. 3 Tax Credits Every Parent Should Know - AOL

    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.

  6. Tax Cuts and Jobs Act - Wikipedia

    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. [32]

  7. Child and Dependent Care Credit - Wikipedia

    The credit is a percentage, based on the taxpayer’s adjusted gross income, of the amount of work-related child and dependent care expenses the taxpayer paid to a care provider. [10] A taxpayer can generally receive a credit anywhere from 20−35% of such costs against the taxpayer’s federal income tax liability. [11]

  8. Child Tax Credit: 4 Things You Need To Know in 2023 - AOL

    However, if you have a dependent who is 17 or older, you might be able to claim up to a $500 Credit for Other Dependents.

  9. Earned income tax credit - Wikipedia

    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] For a person or couple to claim one or more ...

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