2006-09-15 20:49:18 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The IRS website says: Child must be under age 17 at the END of the calendar year in which your tax year begins.
Which means my child must be 17 at the end of December 2006 to qualify for the tax Credit. Am I correct??
2006-09-16 01:30:12 · update #1
Most people's tax year is the calendar year, so your tax year would begin 1/1/06 and end 12/31/06.
Your child must be under 17 at the end of that year, i.e. 12/31/06.
Your child will be 17, NOT under 17, at that time.
So no, you can't get the child tax credit for him/her.
Sorry. Maybe not fair or logical - but that's what the law says.
2006-09-16 15:21:37 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
No, the child tax credit is calculated for taxpayers with children who have not reached the age of 17 at the end of the tax year. Since your child turns 17 in September she will not qualify for the credit in 2006.
2006-09-16 06:11:14 · answer #2 · answered by dcholsted 2 · 1⤊ 0⤋
They are still under 18, so yes. At least that's what my tax book said.
2006-09-16 03:51:14 · answer #3 · answered by teeniey37 4 · 0⤊ 1⤋
I be live so
2006-09-16 03:50:51 · answer #4 · answered by ann.natalie 4 · 0⤊ 1⤋
Yes.
And longer if he or she lives with you and goes to school.
2006-09-16 03:50:32 · answer #5 · answered by tomgreenfanus 3 · 0⤊ 1⤋