Claiming the Child Tax Credit for 2009
The Child Tax Credit is an important and beneficial tax credit that you should file for whenever you are eligible. You can receive a tax credit for up to $1,000 for every child that qualifies. Children must be under the age of 17 in addition to other stipulations.
The qualifications for a child include age, relationship, support, dependent, citizen, and residence. The first test we have already mentioned, the child has to be younger than 17 when the tax season ends. To pass the relationship test, the child has to be your child, … Read more at 2008 Taxes.
Five Tax Credits You Should Claim
If you are eligible for these five tax credits, you should claim them this year on your tax return. These credits will reduce the tax your owe directly and some can be refunded to you if you owe no taxes at all.
The Earned Income Tax Credit (EITC) is for lower income earners and considers the number of children that you have when calculating the tax credit. The tax credit is refundable and can give some low income workers up to $6,000 in refundable taxes well beyond what they have paid into the … Read more at 2008 Taxes.
By Steve
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Posted in irs, tax credit, Tax Preparation, tax return
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Also tagged child and dependent tax credit, earned income tax credit, health coverage tax credit, retirement savings, savers credit, tax credits, turbo tax, your tax return
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