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Child Tax Credit (2004 IRS FAQ)

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IRS FAQ 7.2 Child Care Credit/Other Credits  : Child Tax Credit



Does the Form 8332 (used to release the exemption to the noncustodial parent) affect the Child Tax Credit?

Yes. The Child Tax Credit can only be claimed by the parent claiming the exemption. In this case the noncustodial parent would qualify for the dependency exemption and therefore the child tax credit. Please refer to the Form 1040 Instructions or the Form 1040A Instructions index for Child Tax Credit. The referenced pages will explain who qualifies for this credit, and how to calculate it.

References:


Can you file for the Child Tax Credit and the Child Care Credit, too?

The Child Tax Credit and the Child and Dependent Care Credit can both be claimed on the same return. They can be claimed on either Form 1040 (PDF), U.S. Individual Income Tax Return, or Form 1040A (PDF), U.S. Individual Income Tax Return. Please refer to the Form 1040 Instructions or the Form 1040A Instructions index for the Child Tax Credit. The referenced pages will explain who qualifies for the Child Tax Credit, and how to calculate it. Publication 503, Child and Dependent Care Expenses, has more information for the Child Care Credit.

References:


Can I get the Child Tax Credit for a child with an ITIN, not a social security number?

Yes, with an individual tax identification number (ITIN), you can claim the Child Tax Credit if you otherwise qualify. The Child Tax Credit can only be claimed by the parent claiming the child as a dependent.

Please refer to the Form 1040 Instructions or the Form 1040A Instructions index for the Child Tax Credit. The referenced pages will explain who qualifies for the Child Tax Credit, and how to calculate it.

References:

Source: IRS.gov

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