What to know about the child tax credit before filing your taxes

New tax benefits available

New and expanded tax benefits include the Child Tax Credit, the Renter’s Credit, and free tax filing assistance.

In addition to the flat rate per child, more deductions are possible in the tax return. A tax consultant explains.

What to know about the child tax credit before filing

Most taxpayers will need to file their returns by April 15. Parents and guardians can take advantage of one or more child-related credits to get a tax break. Here's how to claim the child tax credit. Who can claim a child tax credit? Parents and guardians who make less than $200,000 a year ($400,000 if filing jointly) with a qualifying child may claim the child tax credit, according to the Internal Revenue Service. A qualifying child has a Socia…

What is the child tax credit?

(NewsNation) — Most taxpayers will need to file their returns by April 15. Parents and guardians can take advantage of one or more child-related credits to get a tax break. Here's how to claim the child tax credit. Who can claim a child tax credit? Parents and guardians who make less than $200,000 a year ($400,000 if filing jointly) with a qualifying child may claim the child tax credit, according to the Internal Revenue Service. A qualifying ch…

What to know about the child tax credit before filing your taxes

(NewsNation) — Most taxpayers will need to file their returns by April 15. Parents and guardians can take advantage of one or more child-related credits to get a tax break. Here's how to claim the child tax credit. Who can claim a child tax credit? Parents and guardians who make less than $200,000 a year ($400,000 if filing jointly) with a qualifying child may claim the child tax credit, according to the Internal Revenue Service. A qualifying ch…

Filing as Head of Household Make Sure You Meet These Requirements – Accountant Log

I had to switch from head of household to married filing jointly. This is a tax filing status for individuals who are not married and have a qualifying person or dependent that they care for more than half the year. The qualifying person or dependent must be a relative of yours, such as a child, parent, or sibling, or a dependent that you are legally responsible for paying. If you’re in the Earned Income Tax Credit (EITC), you may be eligible fo…