Given a passage and a query based on the passage, generate an unambiguous, concise and simple answer to the query from information in the passage. Note that the answer may not be present in exact form.

Q: The parent who claims the child as a dependent is eligible to claim the child tax credit. This is true even if the parent's filing status is married filing separately. Income phase-out. As your modified adjusted gross income (AGI) increases, the child tax credit begins to phase out. The credit is reduced $50 for every $1,000 or portion of $1,000 that your modified AGI is more than: Child Tax Credit News & Opinion Articles. 1 Thu Mar 09, 2017 | thestreet.com. 2 Tue Mar 29, 2016 | turbotax.intuit.com. 3 Sun Mar 13, 2016 | examiner-enterprise.com. 4 Mon Mar 16, 2015 | efile.com. 5 Tue Mar 10, 2015 | marketwatch.com. 6 Thu Feb 26, 2015 | mainstreet.com. 7 Tue Feb 24, 2015 | patch.com. 8 Sat Feb 28, 2015 | tallahassee.com. Dependency Exemption, Head of Household filing status, and Earned Income Tax. Credit (EITC) the child must be under age 19 or a full-time student under age 24 on. December 31, 2016, or any age if permanently and totally disabled. The child can't have provided over half of his or her own support during the year. You can't carry forward any portion of the child tax credit to future years. You need to claim the nonrefundable credits in a certain order to get the most benefit. You might need to calculate other credits first to properly apply the child tax credit. Additional child tax credit. If your child tax credit is limited, you might be able to claim the additional child tax credit. To qualify, one of these must apply: It can put you in a different filing status so you pay a lower tax. You can get the child tax credit, and if you meet the rules, you can get the EITC. There are rules about whether you can claim a child for taxes. You must follow the rules. back to the state or the IRS or pay more taxes and other penalties. Thu Mar 09, 2017 | thestreet.com. The earned income tax credit is often overlooked by taxpayers who did not earn a significant salary the previous year,... Tue Mar 29, 2016 | turbotax.intuit.com. The Child Tax Credit can reduce your tax bill by as much as $1,000 per child, if you meet all seven requirements. Sun Mar 13, 2016 | examiner-enterprise.com. The Child Tax Credit is an important tax credit that may save you up to $1,000 for each eligible qualifying child. The child tax credit is worth up to $1,000 for each qualifying child. This credit can be both a nonrefundable and a refundable credit. The refundable portion of the child tax credit is called the additional child tax credit. To qualify for the child tax credit, both of these must apply: The qualifying child must be under age 17 at the end of the year. How the CTC Works Today. Taxpayers can claim a tax credit of up to $1,000 for each child under age 17. The credit is reduced by 5 percent of adjusted gross income over $75,000 for single parents ($110,000 for married couples). Six Things That Determine If You Are Eligible For The Child Tax Credit. Mar 25 2017. 0. 8.2k. 5. The Child Tax Credit is one of the most straight forward tax credits that are available for Americans of all tax brackets. The child tax credit (CTC) provides a credit of up to $1,000 per child under age 17. If the CTC exceeds taxes owed, families may receive some or all of the credit as a refund, known as the additional child tax credit (ACTC) or refundable CTC. How the CTC Works Today Taxpayers can claim a tax credit of up to $1,000 for each child under age 17. Query: how long can i get child tax credit

A: You can get a child tax credit under the age of 17.
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Q: As little as 5% down, plus mortgage insurance, can secure you a conventional home loan, but you'll wait longer than 2 years in order to qualify, perhaps as long as 7 years. VA Loan requirements after a short sale are only 2 years, offer 100% financing, no required mortgage insurance and a FICO score of 550 or better. Qualifying for an FHA Loan After Foreclosure FHA loans are the most forgiving of foreclosures. To qualify for an FHA mortgage loan, you must wait at least three years after the foreclosure. The three-year clock starts ticking from the time that the foreclosure case has ended, usually from the date that your prior home was sold in the foreclosure proceeding. That leaves about 4 million families who lost their homes to foreclosure who may still have it listed on their credit reports. That's a lot of people who potentially may want to buy a home within seven years of foreclosure. To be approved for a home loan within seven years of a foreclosure, here are some loan options and things to do: Improve your credit score FICO credit scores range from 300 to 850 and most mortgage lenders require at least a 620 to 660 score. The Federal Housing Administration (FHA) is not a mortgage lender; the FHA does not make loans. Rather, it insures loans for banks that do. The FHA publishes a compendium of rules known as FHA mortgage guidelines and so long as a mortgage meets of the rules' minimum standards, the FHA will insure the loan-issuing bank against default. A better name for an FHA mortgage, then, might be FHA-insured mortgage; it's a more accurate reflection of the relationship between the FHA and mortgage lender nationwide. FHA mortgage insurance is available for any loan which meets the following two conditions 1 : The loan must be made by an approved FHA lender. 2 The loan must meet the minimum standards of the FHA Mortgage Guidelines. 1 What types of home loan can you get after bankruptcy? 1.1 FHA Loans; 1.2 VA Loans; 1.3 Conventional Loans; 2 How does bankruptcy affect your credit score? 3 Can you buy a house even after a foreclosure? 4 What if you had both a bankruptcy and a foreclosure? When you are ready to fill out an FHA loan application in the wake of a short sale, what do the FHA loan rules say about having such a transaction on your record? FHA loan rules for new loans following a short sale may seem complex--the rules that apply to you often depend on the status of your mortgage loan prior to the short sale. We have written about these rules in the past, but since the publication of the FHA Single Family Loan program handbook, HUD 4000.1, there have been many changes and updates to portions of FHA home loan policy. FHA has a list of short sale (also known as a "pre-foreclosure sale) rules and regulations in HUD 4000.1 for borrowers looking to become homeowners once more. At least two years must have elapsed since the discharge date of the borrower and / or spouse's Chapter 7 Bankruptcy, according to FHA guidelines. This is not to be confused with the bankruptcy filing date. A full explanation will be required with the loan application. Simply fill out the 4-step questionnaire and find out: 1 If you are eligible for a home loan, 2 If you can apply for a loan now or need to wait longer, and. 3 What type of home loan you are qualified for. Buying Another Home After Foreclosure. Depending on your previous loan amount and where in the country you're buying, you may have enough VA loan entitlement left over to qualify for another loan. You'll want to get a look at your Certificate of Eligibility to see how much you have left, if any. Prospective buyers can do this themselves or ask a lender for help. Along with any required waiting period, you'd also need to meet the standard credit, debt-and-income and related requirements ... Query: how long do you need to wait for fha loan after foreclosure

A: You need to wait for three years fha loan after foreclosure.
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Q: The difference between civil rights and civil liberties is fairly well defined and distinct based on how each term is used. Civil rights are rights granted and protected by a government for its people with regard to ensuring fairness and preventing discrimination with regard to a particular attribute of its people, such as gender or age. noun, Usually, civil liberties. 1. the freedom of a citizen to exercise customary rights, as of speech or assembly, without unwarranted or arbitrary interference by the government. Definition of civil liberty for English Language Learners. : the right of people to do or say things that are not illegal without being stopped or interrupted by the government. Definition of civil liberty. : freedom from arbitrary governmental interference (as with the right of free speech) specifically by denial of governmental power and in the U.S. especially as guaranteed by the Bill of Rights usually used in plural. On the other hand, civil liberties are basic rights typically granted to all people in a country by the constitution or other founding document of that country and are extended to all citizens without further specificity, such as freedom of speech or religion in the US. Legal Definition of civil liberty. : freedom from arbitrary interference in one's pursuits (as in expressing thoughts, practicing a religion, or pursuing a living) by individuals or especially by the government and especially as constitutionally guaranteed usually used in plural see also civil right. Freedom of religion is an example of a civil liberty. In the US, many civil liberties are guaranteed by the Bill of Rights. A civil rights issue may include the denial of educational opportunities to certain people based on ethnicity. Civil rights vs. civil liberties really became a distinction with the civil rights movements. Up until the civil rights movement we had "Separate but equal" schools in which black children had to go to schools with only black children. They are often used together when discussing a particularly complicated issue. Civil rights and civil liberties are both legal issues and can both require the efforts of courts, legislators, and attorneys to define and protect these freedoms. In general, they can be more easily distinguished by considering that civil rights are usually fought for by various groups within a populace, while civil liberties pertain to the actual rights people are fighting to secure. civil liberty. 1 the freedom of a citizen to exercise customary rights, as of speech or assembly, without unwarranted or arbitrary interference by the government. 2 such a right as guaranteed by the laws of a country, as in the U.S. by the Bill of Rights. Query: how does the term civil liberties differ from the term civil rights?

A:
Civil rights are rights granted and protected by a government for its people with regard to ensuring fairness and preventing discrimination with regard to a particular attribute of its people, such as gender or age. Where as civil liberty is the right of people to do or say things that are not illegal without being stopped or interrupted by the government.
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