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You claim the child as a dependent. The child doesnt provide more than half of their own support. The child lived with you for more than half of the year. The child is a U.S. citizen, U.S. national, or U.S. resident alien.
1) Age test - For these tax years, a child must have been under age 17 (i.e., 16 years old or younger) at the end of the tax year for which you claim the credit. 2) Relationship test - The child must be your own child, a stepchild, or a foster child placed with you by a court or authorized agency.
Tax Year 2017 maximum credit: $6,318 with three or more qualifying children. $5,616 with two qualifying children. $3,400 with one qualifying child. $510 with no qualifying children.
You can claim a tax credit for each child, stepchild, adopted child, or grandchild who fits this definition. The amount of credit owed to you will vary based on your income level, but if your total credit amount exceeds the amount of tax that you owe, the IRS requires you to file Form 8812.
The credit for other dependents was signed into law as part of the 2017 Tax Cuts and Jobs Act and it is in effect through 2025. This allows a $500 nonrefundable credit (per dependent) for any of your dependents who are not qualifying children under 17 for the child tax credit.
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The Tax Cuts and Jobs Act of 2017 doubled the tax credit to $2,000 and made limits to the refundable amount of up to $1,400 per child. It also introduced phase out thresholds and rates for higher-income taxpayers. The act is temporary and will expire on Dec. 31, 2025.
Citizenship: Per the IRS, your child must be a U.S. citizen, U.S. national or U.S. resident alien, and must hold a valid Social Security number. Income: Parents or caregivers claiming the credit also typically cant exceed certain income requirements.
The maximum refundable credit amount is calculated by multiplying a familys earned income above $2,500 by 15%. This provision modifies the formula so that the refundable amount is multiplied by the number of qualifying children.

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