7 TESTS TO DETERMINE WHICH OF YOUR DEPENDENTS QUALIFIES FOR THE CHILD TAX CREDIT
06 JAN 2017

Posted by robbie Categories: BLOG Comments: Post closed for comments

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  • AGE TEST – CHILD MUST BE UNDER AGE 17 (16 AND UNDER)
  • RELATIONSHIP TEST – MUST BE YOURS, STEPCHILD, FOSTER, ADOPTED (ALSO SIBLINGS, NIECES, NEPHEWS, GRANDCHILDREN)
  • SUPPORT TEST – MUST PROVIDE OVER HALF OF THE SUPPORT
  • DEPENDENT TEST – MUST CLAIM THE DEPENDENCY EXEMPTION AND DEPENDENT MUST HAVE LIVED WITH YOU FOR MORE THAN HALF THE YEAR
  • CITIZENSHIP TEST – DEPENDENT MUST BE A U.S. CITIZEN, U.S. NATIONAL OR RESIDENT AILENT
  • RESIDENCE TEST – DEPENDENT MUST LIVE WITH YOU MORE THAN HALF THE YEAR; EXCEPTIONS FOR CHILD BORN IN THE SAME YEAR AND TEMPORARY ABSENCES FOR SPECIAL CIRCUMSTANCES
  • FAMILY INCOME TEST – INCOME THRESHOLDS; PHASES OUT AFTER INCOME EXCEEDS ($75K FOR SINGLE, HEAD OF HOUSEHOLD, AND QUALIFYING WIDOW; $110K FOR MARRIED FILING JOINT; $55K FOR MARRIED FILING SEPARATE
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