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Watch On YouTube Do you need to provide more than half your child's support to claim them as a dependent? 🤔 This short clears up a common confusion about the support test for qualifying children. The rule is actually about what the CHILD provides for themselves, not what you
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Watch On YouTube Can you claim your 17-year-old for the Child Tax Credit? 🎂 This short provides a Simple and clear answer about this firm age cutoff that catches many parents off guard. While they can't get the full $2,000 Child Tax Credit, there's
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Watch On YouTube If you filed your tax return late or made a mistake, can you still claim the Child Tax Credit? ✍️ This short provides a Simple and clear answer and explains how to file an amended return. A Sound approach means not letting perfect be the enemy of good—
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Watch On YouTube If a child was born and died in the same year, can you still claim them for the Child Tax Credit? 🙏 This short provides a Simple and clear answer, and explains the required documentation. A Safe approach means having the proper documentation to claim this benefit. Get
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Watch On YouTube How much earned income do you need to get the refundable Additional Child Tax Credit? 💸 This short provides a Simple answer and explains the rules for maximizing your refund. A Sound strategy focuses on earned income optimization to get the full benefit. Get answers to more questions
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Watch On YouTube At what income do you start to lose the Child Tax Credit? 📉 This short provides a Simple answer and explains the income phase-out thresholds. A Sound approach means not worrying about thresholds that don't apply to you. For most families, the full credit is
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Watch On YouTube Does a child need a Social Security Number to claim the Child Tax Credit? 📄 This short provides a Simple and clear answer, and explains the critical timing of when the SSN must be issued. A Safe approach means planning ahead to ensure you have all the necessary
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Watch On YouTube What exactly counts as 'support' for a dependent in the eyes of the IRS? 🤔 This short provides a Simple and clear answer, including a surprising insight about a car purchased by the child. A Sound approach means understanding the difference between qualifying child and qualifying
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Watch On YouTube Can you still claim your college student if they have a job? 🤔 This short provides a Simple, clear answer and explains the difference between earning an income and providing your own support. A Sound approach means understanding that it's not about how much they earn,
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Watch On YouTube Can you claim a grandchild, niece, or nephew for the Child Tax Credit? 🤔 This short provides a Simple and clear answer: yes! It explains that family relationships extend beyond just your own children and that a grandchild qualifies as a 'descendant' under IRS rules. A
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Watch On YouTube What happens if you have exactly 50/50 custody of your child? Who gets to claim them for tax benefits? This short provides a Simple and clear answer to a rare but possible tax dilemma. The 'number of nights' test always comes first, and AGI
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Watch On YouTube Who gets to claim the child for tax benefits after a divorce or separation? ⚖️ This short provides a Simple, clear answer and explains the role of the custodial parent and Form 8332. It also provides a constitutional insight to ensure you don't make a costly