To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
Tax filers could claim a CTC of up to $3,600 per child under age 6 and up to $3,000 per child ages 6 to 17.
The rationale? You would have to ask Congress that question. Congress passed that child tax credit law years ago with the cut off at age 17. For 2021 ONLY, they allowed folks to get the child tax credit for children under the age of 18 instead of age 17, but for tax year 2022 it reverted to the ``old'' criteria.
Check if you qualify for CalEITC
You're at least 18 years old or have a qualifying child. Have earned income of at least $1 and not more than $31,950. Have a valid Social Security Number or Individual Taxpayer Identification Number (ITIN) for you, your spouse/RDP, and any qualifying children.
Who qualifies. You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States. To be a qualifying child for the 2024 tax year, your dependent generally must: Be under 17 at the end of the tax year.
Answer: An unmarried dependent student must file a tax return if his or her earned or unearned income exceeds certain limits. To find these limits, refer to "Dependents" under "Who Must File" in Publication 501, Dependents, Standard Deduction and Filing Information.
7) Family income test - The Child Tax Credit is reduced if your modified adjusted gross income (MAGI) is above certain amounts, which are determined by your tax-filing status. For the 2024 and 2025 tax years, the phaseout of the credit begins with $200,000 in income ($400,000 for Married Filing Jointly).
If you qualify, you may only claim expenses up to: $3,000 for 1 person. $6,000 for 2 or more people.
Whether you can get a tax refund as a teenager depends on whether you file a tax return with your parents or separately, how much income you have to report, and which tax deductions or credits you might qualify for.
The child must have lived with you for more than half of the year.2 3. The person's gross income for the year must be less than $4,300.3 Gross income means all income the person received in the form of money, goods, property and services, that isn't exempt from tax.
You can't claim the EIC unless your investment income is $11,600 or less. If your investment income is more than $11,600, you can't claim the credit. Use Worksheet 1 in this chapter to figure your investment income.
If you're a dependent on someone else's return
You can be claimed as a dependent and still need to file your own tax return. Your filing requirement depends on your income, marital status and other criteria.
Changes to Certain Benefits
The five dependency tests – relationship, gross income, support, joint return and citizenship/residency – continue to apply to a qualifying relative. A child who is not a qualifying child might still be a dependent as a qualifying relative.
The maximum credit amount is $500 for each dependent who meets certain conditions. This credit can be claimed for: Dependents of any age, including those who are age 18 or older. Dependents who have Social Security numbers or Individual Taxpayer Identification numbers.
Now, a question arises: why does the Child Tax Credit cease when the child attains the age of 17? Though it may appear random, the logic behind this lies in societal norms that align 17 with the coming-of-age stage. This age has typically marked the end of school and the start of either higher education or employment.
Can I claim my child as a dependent if they are over 18? Yes, if they meet certain criteria, you can claim your child as a dependent even if they are over 18. For instance, if your dependent is a college student full-time, they can qualify as a dependent up to 24 years old.
If your dependent has earned income, can you still claim the Child Tax Credit? The answer is “yes,” but your child must first meet all of the eligibility requirements to be claimed as your qualifying child this tax year.
If a dependent is claimed as a qualifying child on another person's tax return, they generally do not need to file their own tax return, even if their income exceeds the filing thresholds.
If your dependent receives a Form W-2, you cannot report it on your tax return. Your dependent has to report the Form W-2 on their own tax return (if they are required to file).
Can they claim an exemption for me as a dependent or qualifying child on their tax return? Share: It's possible, but once you're over age 24, you can no longer be claimed as a qualifying child. The only exception to this is if you're permanently and totally disabled.
But did you know you can claim adult dependents as well? In general, an adult that you can claim as a dependent on your tax return is either a full-time student under the age of 24, a person who is permanently and totally disabled, or a parent that you support and/or care for.
A person cannot be claimed as a dependent unless that person is a U.S. citizen, U.S. resident alien, U.S. national, or a resident of Canada or Mexico, for some part of the year. (There is an exception for certain adopted children.) A dependent must be either a qualifying child or qualifying relative.