{"id":46499,"date":"2022-03-24T16:23:04","date_gmt":"2022-03-24T23:23:04","guid":{"rendered":"https:\/\/lapost.us\/?p=46499"},"modified":"2022-03-24T16:23:04","modified_gmt":"2022-03-24T23:23:04","slug":"an-overview-of-the-credit-for-other-dependents","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=46499","title":{"rendered":"An overview of the credit for other dependents"},"content":{"rendered":"<p>IRS Tax Tip 2022-12<\/p>\n<p>Taxpayers with dependents who don&#8217;t qualify for the child tax credit may be able to claim the credit for other dependents. This is a non-refundable credit. It can reduce or, in some cases, eliminate a tax bill but, the IRS cannot refund the taxpayer any portion of the credit that may be left over.<\/p>\n<p>Here&#8217;s more information to help taxpayers determine if they&#8217;re eligible to claim it on their 2021 tax return.<\/p>\n<h2>The maximum credit amount is $500 for each dependent who meets certain conditions. For example, ODC can be claimed for:<\/h2>\n<ul>\n<li>Dependents of any age, including those who are age 18 or older.<\/li>\n<li>Dependents who have Social Security numbers or individual taxpayer identification numbers.<\/li>\n<li>Dependent parents or other qualifying relatives supported by the taxpayer.<\/li>\n<li>Dependents living with the taxpayer who aren&#8217;t related to the taxpayer.<\/li>\n<\/ul>\n<p>The credit begins to phase out when the taxpayer&#8217;s income is more than $200,000. This phaseout begins for married couples filing a joint tax return at $400,000.<\/p>\n<h3>A taxpayer can claim this credit if:<\/h3>\n<ul>\n<li>They claim the person as a <a href=\"https:\/\/www.irs.gov\/help\/ita\/whom-may-i-claim-as-a-dependent\">dependent<\/a> on the taxpayer&#8217;s return.<\/li>\n<li>They cannot use the dependent to claim the child tax credit or additional child tax credit.<\/li>\n<li>The dependent is a U.S. citizen, national or resident alien.<\/li>\n<\/ul>\n<p>Taxpayers can claim the credit for other dependents in addition to the <a href=\"https:\/\/www.irs.gov\/taxtopics\/tc602\">child and dependent care credit<\/a> and the <a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/earned-income-tax-credit-eitc\">earned income credit<\/a>. They can use the IRS Interactive Tax Assistant, <a href=\"https:\/\/www.irs.gov\/help\/ita\/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents\">Does My Child\/Dependent Qualify for the Child Tax Credit or the Credit for Other Dependents?<\/a>, to help determine if they are eligible to claim the credit.<\/p>\n<h2>More information:<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p501.pdf\">Publication 501, Dependents, Standard Deduction and Filing Information<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>IRS Tax Tip 2022-12 Taxpayers with&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-46499","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/46499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46499"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/46499\/revisions"}],"predecessor-version":[{"id":46500,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/46499\/revisions\/46500"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}