Independent Articles and Advice
Login | Register
Finance | Life | Recreation | Technology | Travel | Shopping | Odds & Ends
Top Writers | Write For Us


PRINT |  FULL TEXT PAGES:  1 2 3 4
Helpful Tax Tips for People in the Military 
 
by Robbi Erickson October 12, 2005

Child Tax Credit

Another tax credit that can help reduce your tax liability is the Child Tax Credit. To qualify for the Child Tax Credit your qualifying child has to: (1) be under the age of 17 by the end of the tax year, (2) be a citizen of the United States, (3) be claimed as your dependent, and (4) be related to you or under your guardianship. This credit can be as much as $1,000 and can greatly help reduce your tax liability.

If you had the amount of the Child Tax Credit that you can claim reduced for some reason you may be able to recover a larger credit by claiming the Additional Child Tax Credit. If you qualify for this credit you may receive a refund even if you have $0 tax liability. Again it pays to at least look into these credits to see if you qualify as they may help to generate a larger refund check for you.

PREV PAGE 1 2 3 4 NEXT PAGE

 

External Links:


 




Home  |  Write For Us  |  FAQ  |  Copyright Policy  |  Disclaimer  |  Link to Us  |  About  |  Contact

© 2005 GoogoBits.com. All Rights Reserved.