Posts Tagged ‘child tax credit eligibility’
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Additional Child Tax Credit Eligibility
May 16th, 2011Question: Do I qualify for the extra $300 for each child from the stimulus package?
OK so I have read all the info and it says To qualify, a child must be eligible under the child tax credit and have a valid Social Security Number. So does that mean that if I didn’t receive the child tax credit then i won’t get the extra $300 for each kid or does it mean that the child has to meet the same eligibility as they would for the child tax credit. My kids meet the eligibility guidelines but we never get the credit we always get the additional child tax credit.
Answer: The following provides exceptions on dependents. If that remains as the only exemptions then you should qualify.
Will I get more for my child?
In many cases, there is a rebate bonus for children. But not for all kids.For rebate purposes, a qualifying child is one who is younger than 17. That means that taxpayers who claim an older college student as a dependent won’t get the extra money.
Neither will college kids themselves be happy. The rebate bill specifically makes dependents, or even those who could be claimed as a dependent, ineligible for the rebate. So students who can be claimed by parents won’t get rebates even if they held jobs outside class that otherwise would have qualified them for the money.
“The kid may have $3,000 in income, but his parents are paying much more for his college expenses so he’s a dependent,” says Bob D. Scharin, RIA senior tax analyst form Thomson Tax & Accounting. “It does seem unfair that the child can’t claim the rebate.”
Chamber news
The Alabama Gulf Coast Area Chamber of Commerce Catch the Island Spirit Committee presented its April award to Candice Hughes Carraway with the city of Gulf Shores. Carraway works with the Adult Activity Center and the Erie Meyer Center,…
Help for Grandparents Raising Grandchildren
Child Tax Credit
February 28th, 2010
Question: what can you earn in scotland and still be entitled to child tax credit ?
i have a 4 week old me and my partner both work. what can you earn in scotland and still get some sort of child tax credit, and how much would we get depending on income. think both our income will be around 35,000 a year?
Answer: ask at your local dss office, always worth it
Iowa’s first lady explains Earned Income Tax Credit
FORT MADISON –– It’s been around since 1975, but Iowa first lady Mari Culver says she has found many Iowans don’t know it exists. The first lady is making the rounds this week, stopping in Fort Madison Wednesday, to change that by educating Iowans about the Earned Income Tax Credit.
Optimizing Child Tax Benefits by Jackson Hewitt ®