Announcement

Collapse
No announcement yet.

Child tax credit

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Child tax credit

    New client came in today. She is divorced and has her youngest son still lives with her and was still 16 on December 31st. When she could no longer claim the oldest child, they went back to court and she asked to be able to claim youngest son, since her husband had remarried and had other children to claim also and she was custodial parent and struggling. She was told by the court to let him have the exemption because she would get the child tax credit and the EIC. She has been getting the CTC since that time.
    Last year her tax person retired and moved and sold his business to someone else. So she had a new person last year.
    In 2005 her son went to live with his father for a year so that year she did not claim him for CTC or EIC. But he came back to her home and last year she got EIC but not the CTC.

    In reading different places in TTB, I felt like I got differing answers. Since the child lived with her, she should get the CTC and EIC for him, shouldn't she?

    The program will allow me to say he qualifies for CTC and give her the credit. But I want to be sure.

    #2
    Child Tax Credit

    The child tax credit can only be claimed by the person who gets the exemption. Maybe you mean the dependent care credit which is only claimable by the person with custody.

    Comment


      #3
      I thought that was what I was reading in TTB, but she said she had been getting the CTC for several years until last year.
      The lawyer's office told her she would get the CTC. Bet this isn't the first time they gave wrong tax information.
      2007 will be the last year for the CTC as he turned 17 last month. So not an issue going forward but it means $1000 to her.
      Maybe she should contact ex-husband to see if he would let her claim son or if he would give her the $1000 he will get back because he has the deduction. Fat chance probably!

      Thanks

      Linda F

      Comment

      Working...
      X