The Federal Tax Credits Blog

Posts Tagged ‘claim tax credits form’

Question: Can I claim the NC Tax Credit for Children on Part 3 of Form D-400TC?

I’m confused about this credit because Part 3 states: “If you are entitled to claim the federal child tax credit and your federal adjusted gross income…” Well, I couldn’t claim the 1st child tax credit on my federal form 1040; however, I did qualify for the additional child tax credit. So, do I fill out Part 3 of NC Form D-400TC or not? I really don’t want to have to call NC Dept of Rev and have to wait to speak to someone. If anyone has a full understanding of this credit, please share your knowledge.
Thanks, hrblock. It’s nice to have someone who can interpret the government’s thoughts.

Answer: The question from North Carolina is “Are you entitled to claim the federal child tax credit and …” not “Did you claim a non-zero child tax credit and …”. You have a child and would have qualified for the child tax credit if you would have owed any tax, so you are “entitled to the federal child tax credit.”

So if you have a child that would qualify to allow you to claim the child tax credit and all the other North Carolina rules apply, then you qualify to claim the North Carolina credit if you meet all its other rules.

Richard K
Master Tax Advisor
HR Block

This advice is based upon the law in effect at the time it was written as it applies to the facts provided by you. See my profile for more details.

TaxWatch: Kiddie tax laws could cost you at tax time

The general rule of thumb is that the kiddie tax applies to investment income. But the IRS’s definition of investment income is much broader than most taxpayers realize, writes Eva Rosenberg.

Tax Tips: Accessible Tax Forms

Question: Can I claim child tax credits if I work and my wife is unemployed?

I am working but my wife is unemployed but seeking employment, can we claim child tax credits.

Answer: If you are over 25 and work over 30 hours per week you can claim working tax credits

if you have a child and you are over 16 and working over 16 hours per week you can claim both working and child tax credits

Does not matter that wife works or not

Ethanol tax credits face stiff fight

An E85 fuel pump. (File photo/AP) WASHINGTON — Ethanol’s extended run of taxpayer backing could be in jeopardy. A coalition of opponents to the corn-based fuel is working to block the extension of billions of dollars in biofuels tax credits, set to expire at year’s end.

FIRST-TIME HOMEBUYER FRAUD : Reports: Kids claim $4M in tax credits