The Child Tax Credit for 2025 offers significant financial relief for families with children, providing up to $2,000 per ...

On December 27, the U.S. Tax Court issued an opinion declining to revisit its holding from 13 months earlier that a partner’s formal status as ...

Child Tax Credit and Credit for Other Dependents. This year, Direct File will also cover taxpayers claiming the Child and Dependent Care Credit, Premium Tax Credit, Credit for the Elderly and ...

The child and dependent care credit offsets childcare costs for low- to moderate-income American families and can be claimed alongside other above-the-line tax deductions and tax credits.

Only one person can claim tax benefits for a dependent child per tax year. Generally, the custodial parent – the parent with whom the child lived with the majority of the year – claims the ...

Have lived with you for more than half the tax year. Be claimed as a dependent on your return. Not file a joint return for the year (or file the joint return only to claim a refund of taxes ...

The same's true if you were claimed as a dependent on someone else’s 2021 return, or if you are a nonresident alien for U.S.

Married taxpayers who filed a joint return that claimed two qualifying dependents on the 2021 return ... or do not pass the substantial presence test. Now, who might qualify now for the special ...