I am seeking info on child tax credit and earned income credit. I am filing married filing jointly . I belie

ve i can claim me and my wife plus my 20 year old daughter and her 9 month old son, my 17 yr. old daughter and my 12 year old son.

I am seeking info on child tax credit and earned income credit. I am filing married filing jointly . I belie
You can claim the 12 year old for sure. As far as the 17 year old, if she is working but you claim her, then she cannot claim herself and will lose out on any refund she could have gotten because her tax bracket willl be higher. SO, to allow you a bigger deduction and she not lose out on her refund, then you should agree to pay her the amount of what her refund should have been if she were able to claim herself, which will likely not be near as much as the deduction you get, and you still get the benifit of the bigger deduction of claiming her. As far as the 20 year old........that one is more tricky. If she is working, she needs to be able to claim herself and her child, especially if you are charging her any rent or living expenses. If she is working, she will lose out on quite a bit of money by not being able to claim herself and her child. She would probably get a bigger amount of earned income credit for herself and her child than you would probably get by claiming her since the amount is based on income. A person who makes a lower income gets a higher earned income credit. Let her claim herself and her child. She obviously needs the money and it is the right thing to do. You have had 20 years of tax benefit by claiming her. Now that she has a child to support, she needs all the money SHE can get back on her taxes.
Reply:Your question is hard to answer with out more details.





In general you can claim the child tax credit for children that you can claim as a dependent who are under 17. The credit is up to $1000 per qualifying child or you tax liability which ever is lower. If you don’t qualify for the full CTC you might be able to get the Additional Child tax credit, see the instructions in form 1040 and 1040A for more details.





For the EIC you could get up to $4717 with 2 qualifying children. You can make up to $39000 and get some EIC. EIC is based on earned income or adjusted gross income which ever results in a lower amount for EIC. You can get more details in the instructions to forms 1040 and 1040A or pub 596
Reply:Go to www.irs.gov . all the info is there.

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