Sunday, March 14, 2010

Is there a limit to how many children you can claim on the child tax credit?

There is no limit on the number of Children claimed for the Child Tax Credit. there is however a limit of 2 Children for the Earned Income Credit

Is there a limit to how many children you can claim on the child tax credit?
YES YES: YOU CAN NOT CLAIM MORE CHILDREN THAN YOU HAVE.
Reply:Your limited to the number of children you have that meets the age criteria.
Reply:Hi, Lisa! The answer is a definite NO: no limits whatsoever on the number of qualifying children you can claim. The only limitations on the credit are that it can be no more than your tax due, and it starts to phase out when your income reaches a certain level depending on your filing status. You may also qualify for the Additional Child Tax Credit under certain circumstances.





Check out the below IRS link for more info. :-)


No comments:

Post a Comment

 


tax credit © 2008. Design by: Pocket Web Hosting