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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

What is a "Qualifying Child"?

A “ qualifying child ” may enable a taxpayer to claim several tax benefits, such as Head of Household filing status, the exemption for a dependent, the child tax credit, the child and dependent care credit and the earned income tax credit

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

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

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 Child and Dependent Care Credit

did not have actual child care expenses, you may still be eligible if you meet one of the following conditions: 1. you are married and filing a joint return, your child was born in 2016, and you did not participate in a pre-tax dependent

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

Ten Tips on Tax Credits for Child and Dependent Care Expenses

If you paid someone to care for your child, spouse, or dependent last year, you may qualify to claim the Child and Dependent Care Credit when you file your federal income tax return. Below are 10 things the IRS wants you to know about

Child's Interest/Dividend Earnings (Form 8814)

Form 8814 will be used if you elect to report your child's income on your tax return. If you choose this election, your child will not have to file a return. If your child meets all of the following conditions, you can make this election