Taxsmith, LLC – Can You Claim the Child Tax Credit?

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Taxsmith, LLC – Can You Claim the Child Tax Credit?

With children comes expenses and all parents ask when filing their return how they can get back money. If you have children that meet the following qualifications then you may be eligible for a non-refundable Child Tax Credit of up to $1,000. Taxsmith has outlined the following qualifications that first must be met…

  • Your child must be under the age of 17 at the end of the year (December 31st).
  • Your child cannot have provided more than half of his/her own support for the year.
  • You must claim them as a dependent on your return.
  • Child cannot file a joint return for the year in question unless they are doing to so to claim a refund.
  • The child must be a U.S. citizen, U.S. national or U.S. resident alien.
  • The child must be your son, daughter, stepchild, foster child, brother, sister, stepbrother or stepsister. A child may also be a descendant of any of these individuals, including your grandchild, niece or nephew. You would always treat an adopted child as your own child. An adopted child includes a child lawfully placed with you for legal adoption.
  • In most cases the child must have lived with you for more than half of the year.

Taxsmith wants everyone to be aware that there are income limitations on claiming the Child Tax Credit. If you qualify and get less than the full Child Tax Credit, you could receive a refund even if you owe no tax with the refundable Additional Child Tax Credit.

If you have any questions after reviewing the information please contact Taxsmith at 888.741.0272 or email us at