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Child Tax Credit

The Child Tax Credit is a credit offered by the IRS that may reduce your tax liability by as much as $1,000 for each of your qualifying children. However, it is important to note that the Child Tax Credit is a nonrefundable credit which

Child Tax Credit

TaxSlayer automatically calculates the Child Tax Credit and the Additional Child Tax Credit based on the dependents and income entered into your account. With the Child Tax Credit, you may be able to reduce the federal income tax you

Are My Child's Summer Camp Expenses Tax Deductible?

who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child

Georgia Adoption of a Foster Child Credit

Georgia provides an income tax credit for the adoption of a qualified foster child. The amount of the credit is $2,000.00 per qualified foster child per taxable year, commencing with the year in which the adoption becomes final, and ending

Minnesota Long Term Care Insurance Credit (M1LTI)

You may be able to claim a credit against tax based on any premiums you paid in 2015 for a qualified long-term care insurance policy for which you did not receive a federal tax benefit. To qualify, your long-term care insurance policy must

Minnesota Long Term Care Insurance Premiums Credit

You may be able to claim a credit against tax based on premiums you paid in 2016 for a qualified long-term care insurance policy for which you did not receive a full federal tax benefit. To qualify for this credit, your long-term insurance

NY Long Term Care Insurance Credit – IT-249

If you paid premiums for qualified long-term care insurance, you may claim a credit against your personal income tax equal to 20% of the premiums paid during the tax year for the purchase of or for continuing coverage under a qualifying

How do I claim the Additional Child Tax Credit?

This credit is automatically calculated by the TaxSlayer software based on the information entered in your return. To see the result of your Additional Child Tax Credit, please select "Summary" from the navigation bar followed by "Show

Basic Information > Dependents > Not Claiming Dependent for Child Tax Credit

Use this designation if a person lives with someone else, but you can claim them as your dependent. The other party may be entitled to claim the dependent for Child Tax Credit purposes. This is common with divorced or separated individuals

Arkansas Credit for Taxes Paid to Another State or Country

Arkansas allows an Early Childhood Credit for individuals with a dependent child placed in an approved child care facility while the parent or guardian worked or pursued employment. This credit is equal to 20% of the federal Child Care