The Child Tax Credit is a valuable credit, one that can significantly reduce your tax liability every year. These key points from the IRS show you how you may qualify for the Child Tax Credit, to benefit your military family.
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10 Qualifications for the IRS Child Tax Credit

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The Child Tax Credit is a valuable credit, one that can significantly reduce your tax liability every year. These key points from the IRS show you how you may qualify for the Child Tax Credit, to benefit your military family.

1. REDUCE FEDERAL INCOME TAX

Filing for the Child Tax Credit may allow you to reduce your federal income tax by up to $1,000 for each qualifying child under the age of 17.

2. MILITARY QUALIFICATIONS FOR THE CHILD TAX CREDIT

A child is eligible for the Child Tax Credit if they meet six tests: age, relationship, support, dependent, citizenship, and residence.

3. AGE QUALIFICATION

An eligible military child is age 16 or younger at the end of the current tax year.

4. RELATIONSHIP QUALIFICATION

An eligible military child is your child, stepchild, foster child, sibling, stepsibling, or a descendant of any of these individuals, which includes your grandchild, niece or nephew. A legally adopted child is also eligible.

5. SUPPORT AND DEPENDENCE QUALIFICATION

In order to qualify, you must provide for over half of the child's financial support, and claim the child as a dependent on your federal tax return.

6. CITIZENSHIP QUALIFICATION

An eligible military child must be a U.S. citizen, U.S. national, or U.S. resident alien.

7. RESIDENCE QUALIFICATION

An eligible military child must have lived with you for over half of the current tax year, with some exceptions found in the Armed Force Tax Guide under, Child Tax Credit.

8. LIMITATIONS AND ADDITIONAL CHILD TAX CREDIT

The amount of your Child Tax Credit may be limited based on your modified adjusted gross income and filing status. For married military taxpayers filing a joint return, the phase-out begins at $110,000. For married military taxpayers filing a separate return, it begins at $55,000. For all other military taxpayers, the phase-out begins at $75,000.

In addition, if the amount of your Child Tax Credit is higher than your income tax owed you may be able to claim the Additional Child Tax Credit.



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