Income tax other dependent credit
Web1 day ago · The maximum you can claim is $3,000 for one child under 13 or a dependent with disabilities, or $6,000 for two or more. You must have some earned income to qualify for this credit, and the care ... WebApr 7, 2024 · Credit for Other Dependents If you don't qualify for the Child Tax Credit, you may be able to claim this credit, which maxes out at $500 for each dependent who meets certain...
Income tax other dependent credit
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WebFeb 16, 2024 · To be eligible for this credit, the person (s) being claimed must fit the definition of a qualifying child or a qualifying relative, as defined here: Qualifying child … WebApr 5, 2024 · Tax Support: Answers to Tax Questions TurboTax® US Support Open TurboTax Why sign in to Support? Get personalized help Join the Community Sign in to …
WebApr 11, 2024 · The IRS does offer payment plans or installment agreements, where you can pay your overdue tax in monthly payments. This payment will allow you to pay whatever money you owe over a specified...
WebApr 7, 2024 · For 2024, you may claim up to $3,000 in expenses if you had one qualifying dependent, or $6,000 if you had two or more. So, when the maximum 35% credit is applied, that puts the top credit at... WebFeb 6, 2024 · Instead you will get the non-refundable (up to) $500 Other Dependent Credit. Your income is too high. The Child Tax Credit (CTC) is phased out at higher incomes starting at $400,000 for joint filers ($200K single). You lose $50 for each $1000 (rounding up) your income is over that threshold.
WebApr 9, 2024 · State Income Tax Withheld - Credit to Other State. Want to ensure Turbo Tax is asking the correct question. Taxpayer resides and works in Idaho from January 1, 2024 through April 30, 2024. For the period May 1, 2024 through December 31, 2024, taxpayer is residing and working in North Carolina. Idaho - Part Year.
WebEarned income tax credit (EITC). For 2024, the EITC is worth up to $6,935, but you must meet strict income limits and other requirements to qualify. The income limits change each year,... north iowa man stuff for sale facebookWebApr 10, 2024 · For 2024, the maximum amount of the credit is $500. Filers can claim this Credit in addition to the Federal Child and Dependent Care Credit, their State Child and Dependent Care Credit, and the Earned Income Tax Credit. More information on the Credit for Other Dependents can be found on this IRS webpage. Medical and Dental Expense … north iowa lawn and sportWebThe income limits change each year, and the amount of the credit depends on your filing status and how many dependents you can claim. You can't claim the credit if you have … north iowa humane society dogsNov 8, 2024 · north iowa jobs wantedWebDependent Care Credit problem in Turbotax - one parent has LOW earned income. Hi folks. I've read and read about the Dependent Care Credit. My understanding was that the main … north iowa humane society mason city iaWeb1 hour ago · A non-refundable tax credit on the other hand is capped at the amount of tax that the claimant has paid; if you only pay $1,000 in income tax then you would be unable to receive more than $1,000 ... how to say i love you forever in japaneseWebApr 14, 2024 · The tax relief package, among other things, offers a $600 refundable tax credit for dependents, doubles a tax credit for eligible seniors, boosts the earned income tax credit and raises the rental ... north iowa humane society cats