Additional $500 CTC

Forum|Forum|4 years ago
February 10, 2022
1 reply
19 views

Does a qualifying relative that is the T/P son and a dependent that is age 19 eligible for the additional $500 CTC,

ProSeries Professional

This topic has been closed for replies.

Best answer by DRS19

Yes age is a problem. Additional CTC can't be claimed of dependent is over 17.

However it sounds like you may benefit from the Credit for Other Dependents
https://www.irs.gov/newsroom/you-may-benefit-from-the-credit-for-other-dependents

Thank you for your help. In this situation, I felt that I would be able to take the credit, but I was not sure because of the age. The information you sent on other dependents was very helpful and confirmed the age was not a problem and that my clients are eligible for the credit.

taxiowa

Level 8

Yep. It is not refundable so it just offsets tax owed on Line 19 of the 1040.

D

DRS19Author

Level 3

I agree with your answer, but what concerns me is that the son is age 19 and not a full time student. He has no income and lives with his parents. He does qualify as a dependent as a qualifying relative. Since he is a qualifying relative, is his age not a problem?

dkh

Level 15

Here is info from IRS https://www.irs.gov/newsroom/what-taxpayers-need-to-know-about-claiming-the-credit-for-other-dependents

also Pub972 will help answer your questions

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