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The credit allows taxpayers a credit for certain dependents that don't qualify for the Child Tax Credit, such as qualifying children age 17 or older, adult dependents, and dependents who have an Individual Taxpayer Identification Number (ITIN).
If you have kids, you might qualify for either the Child Tax Credit or the Credit for Other Dependents (also known as the Family Tax Credit). While they’re similar, there are some differences in eligibility. To qualify for the Child Tax Credit, the child must: Be related to you; Have a Social Security number; Be younger than 17; Be a US resident
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Kentucky's family size tax credit is not expressed in an amount but in a percentage. If you are declaring by yourself, your family size tax credit is 40% of the amount of KY tax calculated for your income. Thus, if your KY tax were $500 on your income, you receive a credit of $200 and your total KY tax is $300.
My total income is about $24,000 in 2018, less than 2017. In 2017 I received $117 refund from the state, but this year turbotax claims I do not qualify for the credit.
The AZ family income tax credit will only reduce your taxes to zero and cannot be refunded. It is possible with the income you list, that you have no taxes due on your return to use the family income tax credit. Look at your AZ tax form 140A, 21 or AZ tax form 140, line 48 to see if there is a zero. You would not receive a family credit.
The money you hear about people getting for just filing a tax return claiming kids requires them to have some earned income (wages or self employment). Without earned income, they are not eligible for the "refundable" Earned Income Credit or Additional Child Tax Credit. Both credits are calculated on the amount of earned income you have.
The Additional Child Tax Credit can be worth up to $1600, depending on your income. You must have at least $2500 in earned income to claim the credit. What is the $500 Credit for Other Dependents (“Family Tax Credit”)?
Federal>Deductions and Credits>You and Your Family>Child Tax Credit . The IRS is sending out letter 6419 to you. It will show the amount of advance child tax credit that you received during 2021. Enter the information from that letter carefully. The remaining amount of CTC that you can receive will show up on line 28 of your 2021 Form 1040.
Find answers to your questions about family and dependents with official help articles from TurboTax. Get answers for TurboTax Desktop US support here, 24/7.