Child Tax Credit eligibility question - daughter turns 17 in 2024
My daughter's birthday is in April and she turns 17 in 2024. Not sure if I can still claim the Child Tax Credit on my taxes this year? Anyone know the cutoff rules?
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Mateo Silva
Tax pro here. For the 2024 tax year, your child must be under 17 at the end of the tax year (December 31, 2024) to qualify for the Child Tax Credit. Since your daughter turns 17 in April, unfortunately you won't be eligible for the CTC. However, you may qualify for the Credit for Other Dependents which is worth up to $500.
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Michael Green
ugh thats what i was afraid of. do you know what the income limits are for the other dependent credit?
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Mateo Silva
The Credit for Other Dependents starts phasing out at $200,000 for single filers and $400,000 for married filing jointly
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Victoria Jones
Hey guys! I actually just went through this myself and used taxr.ai to figure out all my credits. Its amazing - you upload your docs and it tells you exactly what credits you qualify for and how much you'll get. Saved me so much headache trying to figure this stuff out. Cost me $4.99 but totally worth it https://taxr.ai
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Cameron Black
does it really work? seems kinda sketch to upload tax docs to an AI š¤
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Victoria Jones
100% legit! They use bank-level encryption and don't store your docs. The AI just reads them and gives you a detailed breakdown. Changed my whole tax game fr fr šÆ
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Jessica Nguyen
in the same boat, my son turned 17 last year and i had no idea about losing the credit until i filed š
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Isaiah Thompson
The whole age cutoff thing is so dumb tbh. Like magically on their 17th bday they don't need support anymore? Make it make sense š¤”
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Ruby Garcia
fr fr especially with college coming up. thats when they need the most financial help smh
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Alexander Evans
quick question - does anyone know if this affects the earned income credit too?
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Mateo Silva
EIC is different - qualifying children can be up to 19 (or 24 if theyre a full-time student
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Evelyn Martinez
Dont forget to check ur state tax credits too! Some states have their own child credits with different rules
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