What's the 2024 Child Tax Credit—How Do I Qualify? TurboTax Tax Tip Video скачать в хорошем качестве

What's the 2024 Child Tax Credit—How Do I Qualify? TurboTax Tax Tip Video

https://turbotax.intuit.com/tax-tips/... What’s the Child Tax Credit and how do you qualify? You may be able to get back up to $2,000 on your tax return if you have a child under the age of 17 and you qualify for the Child Tax Credit. Watch this TurboTax tax tip video to learn more about the Child Tax Credit, how to qualify, and how your greatest joy can also be one your biggest tax deductions. 00:00 What exactly is the Child Tax Credit? 00:19 Who qualifies for the credit? 00:24 Criteria 1 00:29 Criteria 2 00:36 Criteria 3 00:43 Criteria 4 01:04 How do you claim the credit? 01:09 Step 1 to claim the credit 01:14 Step 2 01:18 Step 3 Click here to subscribe for more tax tips by TurboTax: https://www.youtube.com/turbotax?sub_... Watch this video to learn more about the Child Tax Credit: https://turbotax.intuit.com/tax-tips/... Visit: TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: https://blog.turbotax.intuit.com Follow: TurboTax TikTok:   / turbotax   TurboTax Pinterest:   / turbotax   TurboTax Facebook:   / turbotax   TurboTax Instagram:   / turbotax   ~~~ Video Transcript ~ What's the Child Tax Credit—How Do I Qualify? Welcome to Tax Tips by TurboTax. So what exactly is the Child Tax Credit? The Child Tax Credit is a tax benefit that can reduce your federal income tax by up to $2,000 for each qualifying child under the age of 17. But who qualifies for the credit? To qualify, the child must meet the following criteria. One: The child must have been under 17 on the last day of the tax year. Two: the child must be a U.S. citizen, U.S. national, or U.S. resident alien. Three: the child must have lived with you for more than half the year, and the child must not have provided more than half of their own support. And four: the child must be related to you as your naturally born child, adopted child, stepchild, foster child, sibling, stepsibling, or a descendant of any of these, such as a grandchild, niece or nephew. Children born during the year or those who have passed away also qualify. But how do you claim the credit? To claim the Child Tax Credit, you need to follow these three steps. One: Ensure the child meets all the qualifying criteria. Two: Include the child's information on your tax return. And three: File your federal income tax return, typically using form 1040. With TurboTax, we’ll ask you simple questions and fill out the form for you. Visit TurboTax.com for more info to help you file your taxes with confidence. ~~~