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

    www.aol.com/finance/credit-other-dependents...

    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 ...

    www.aol.com/finance/don-t-qualify-child-tax...

    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: 4 Things You Need To Know in 2023 - AOL

    www.aol.com/finance/child-tax-credit-5-things...

    In 2022 and 2023, the credit is only partially refundable, meaning that if no tax bill is owed, families can collect a maximum of only $1,500 as part of their refunds. In 2020, only 70% of the ...

  5. Child tax credit (United States) - Wikipedia

    en.wikipedia.org/wiki/Child_tax_credit_(United...

    e. 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 ...

  6. Child tax credit - Wikipedia

    en.wikipedia.org/wiki/Child_tax_credit

    Taxation. A child tax credit ( CTC) is a tax credit for parents with dependent children given by various countries. The credit is often linked to the number of dependent children a taxpayer has and sometimes the taxpayer's income level. For example, with the Child Tax Credit in the United States, only families making less than $400,000 per year ...

  7. 3 Tax Credits Every Parent Should Know - AOL

    www.aol.com/3-tax-credits-every-parent-120000063...

    Alternative: The Credit for Other Dependents. 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 ...

  8. Child and Dependent Care Credit - Wikipedia

    en.wikipedia.org/.../Child_and_dependent_care_credit

    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]

  9. What to expect for the 2024 tax filing season - AOL

    www.aol.com/finance/expect-2024-tax-filing...

    The other dependent care (ODC) credit is for older children and aging parents who are dependents that don’t qualify under the child tax credit. It has a maximum value of $500.

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