Can I deduct the Child Tax Credit on my tax return?
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| A Child Tax Credit of
$1,000 is available
on your tax return for each qualifying child of a taxpayer under age
17. Qualifying children are a taxpayer's child, stepchild, grandchild, great grandchild or
eligible foster child that the taxpayer claims as a dependent on his/her tax return. An adopted child qualifies for the Child Tax Credit on
your tax return if placed with you by an authorized agency for legal adoption, even if the adoption is not
final by the end of 2009. |
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Related tax
information about the Child Tax Credit |
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Child and Dependent Care Credit
Tax Credits |
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IRS publications about
the Child Tax Credit:
See
IRS Publication 17, Your Federal
Income Tax and IRS Publication
972 Child Tax Credit. |
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Ask Julian Block your IRS and tax questions! |
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If you can't find the answer to your IRS or tax question in our
web you can call former IRS Special Agent and one of the country's foremost tax attorneys, nationally syndicated columnist ("The Tax
Adviser") Julian Block. Julian is also the tax Editor of Mutual Funds Magazine, America's premier investment magazine. To
call Julian for a tax consultation click
here. |
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