In this section under dependents, we're going to talk about a qualifying relative and the test you use here; a qualifying relative is a person who is your son, daughter, stepchild, foster child, or a descendant of any of them, for example, like a... Read More »
You may qualify to claim the child care credit if you pay someone to care for your dependent who is under age 13 or incapacitated. Claim the credit only if you file Form 1040 or Form 1040A and have earned income during the year. You must pay child care... Read More »
We're going to talk now about line 30, credit for the elderly or the disabled. The idea behind this credit was to give elderly people a break on their taxes if they met certain qualifications and their income was below a certain amount. This credit can... Read More »
The child tax credit was designed to help not only parents, but anyone who is caring for a dependent family member (this includes grandparents). You can qualify your grandchild for the child tax credit if the situation meets the requirements listed below... Read More »
I'm going to talk now about child tax credit and this may require form 8901. And if you look at our example I'm showing $2,000 on this completed form, and I'll talk to you about how we got to that amount in just a minute. But if you go to instructions... Read More »
