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Child tax credit and credit for other dependents worksheet Form: What You Should Know
For non-custodial parents, deduct the credit from your income in its entirety if the number is over 6,000 (19,950 for married taxpayers filing separately). 3. If a child is listed in item (a) (indicating he or she was born of a citizen or long‑term resident of the U.S.), claim the credit for all of that child's income in his or her first taxable year or when he or she is age 25, whichever is later, up to a maximum rate of 25% of the child's adjusted gross income. 4. If a child qualifies as an eligible dependent because of the following, claim the credit for a child in his or her first taxable year: a. The child's birth occurred during or within 1/2 of the calendar year or under a 1/2 year extension of time under section 642(e) of the Internal Revenue Code. b. The child was born during or within 1 year (through age 18) of the month in which he or she turns 25. If the child turns 25 after January 1, 2019, claim the credit for the first calendar year he or she was under age 25. If the child turns age 25 before January 1, 2019, claim the credit for the first calendar year he or she was age 25 or under. 5. You can choose to exclude, reduce or increase the amount of the child tax credit in accordance with the instructions for line 10 of Form 1040, Schedule 3, line 22 or lines 29, 30, 31, 33, 34, 35, 36, 38, 39, and 40 of Form 3115, or by the following method. 6. Do NOT claim an increased child tax credit if the child has a qualifying student, or the child is eligible for the education credit under section 529 or the home education credit under section 529(b)(3). 7. Do NOT claim an increased child tax credit if the child is a dependent of another taxpayer, or the child's base exemption amount is over 5,000 in the year(s) for which publication 972 is filed (or under the following rules, if filed between Oct 17, 2017, and Jan 5, 2018). 1. If the child's base exemption amount amounts to less than 5,000, claim an increased child tax credit. 2.
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