Someone told me today that we can claim $3200 tax credit b/c we have a disabled child. Is this the same as just claiming medical and depend. care expenses or is this a separate credit. I couldn't find anything I could understand on the IRS site.
2007-09-21 06:20:28 · 6 answers · asked by question33 2 in Business & Finance ➔ Taxes ➔ United States
Sorry, but the reason that you couldn't find anything on the IRS site is because the credit doesn't exist. There is a $1,000 per child tax credit, that disappears when the child hits 17, and there is a child/dependent care credit that disappears when the child turns 13, or does not disappear if the child is disabled, but that is a sliding scale credit, that would be based on the care expenses (maximum expenses of $3,000 for 1 child) and income level with the credit being anywhere from 20% to 35% of the care expenses ($600 - $1,050 for the credit).
2007-09-21 09:05:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
What they might have been referring to is that you can probably still claim the disabled child as a dependent even if they're past the age where you could claim a child who wasn't disabled. If they are still young enough to be claimed anyway, then you're already getting the exemption for them, there isn't something additional.
$3200 was the amount from a couple years ago - for 2007, it's $3400.
2007-09-21 14:37:24 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Others answers are correct, but let me add:
If your child is permanently and totally disabled, your child can still qualify as your "qualifying child" for tax purposes regardless of the child's age. This means in particular that your child may qualify as your dependent, may qualify you to be Head of Household, and may qualify you for the Earned Income Credit.
As a disabled adult child, your child could still have income over $3,400 and qualify as your dependent. This is not true for adult (over age 18 or over 23 and not a student) dependents who are not disabled.
The expenses of caring for your disabled child can be used for the Dependent Care Credit (if you have these expenses so you can work), or could be alternately used as a medical deduction.
Some states have a credit for disability. Check with your particular state.
2007-09-21 09:42:53 · answer #3 · answered by ninasgramma 7 · 0⤊ 0⤋
There is not a special credit for disabled dependents on the federal return.
Check your state return. I have never seen one on any state return but that doesn't mean that it isn't out there somewhere.
2007-09-21 07:01:28 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋
You couldn't find it because it is not there. There is no extra credit for a disabled child. Or adult. If you generate extra medical expenses, you can deduct those.
2007-09-21 06:51:55 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Sorry, but there is no such credit. It does sound like a good idea though. I'd support it.
2007-09-21 07:15:00 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋