Is this because we live in NY?
2007-02-18 09:06:25 · 6 answers · asked by AMK 1 in Business & Finance ➔ Taxes ➔ United States
Child Tax Credit
This credit is for people who have a qualifying child as defined on this page. It is in addition to the credit for child and dependent care expenses (on Form 1040, line 48; Form 1040A, line 29; or Form 1040NR, line 45) and the earned income credit (on Form 1040, line 66a; or Form 1040A, line 40a).
The maximum amount you can claim for the credit is $1,000 for each qualifying child.
Qualifying Child
A qualifying child for purposes of the child tax credit is a child who:
Is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild),
Was under age 17 at the end of 2006,
Did not provide over half of his or her own support for 2006,
Lived with you for more than half of 2006 (see Exceptions to time lived with you below), and
Was a U.S. citizen, a U.S. national, or a resident of the United States. If the child was adopted, see Adopted child below.
Publication 972
http://www.irs.gov/publications/p972/ar02.html
2007-02-18 09:17:18 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Because he's 17, that's why! If he turned 17 in 2006, he's no longer a qualifying child for the Child Tax Credit. The fact that he's still in school is irrelevant under the law.
2007-02-18 10:56:12 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
No, it's because the child tax credit is only given for kids UNDER 17 as of the end of the tax year.
2007-02-18 11:04:01 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
If he turned 17 anytime during the year he does not qualify for the credit anymore, a dependant has to be under the age of 17
2007-02-18 09:09:18 · answer #4 · answered by stuart 3 · 4⤊ 0⤋
If your child turned 17 in 2006, they no longer qualify.
2007-02-18 09:16:57 · answer #5 · answered by morris 5 · 3⤊ 0⤋
that sucks
2016-02-07 01:36:42 · answer #6 · answered by Cynthia 1 · 0⤊ 0⤋