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.