VITA

What are the requirements for Earned Income Credit with Kids?

*1*. You must have at least $1 of earned income (pensions and unemployment don't count). *2*. Your 2019 investment income must be $3,600 or less (that rises to $3,650 in 2020). *3*. You can't claim the earned income tax credit if you're married filing separately. *4*. You must not file Form 2555, Foreign Earned Income; or Form 2555-EZ, Foreign Earned Income Exclusion. Special rules for members of military and the clergy, as well as disability income with children. *If you claim one or more children as part of your earned income credit, each must pass certain tests to qualify:* *1.*The child can be your son, daughter, adopted child, stepchild, foster child or grandchild. The child also can be your brother, sister, half-brother or half-sister, stepbrother or stepsister or any of their children (your niece or nephew). *2.*The child must be under 19 at the end of the year and younger than you or your spouse if you're filing jointly, OR the child must be under 24 if he or she was a full-time student. There's no age limit for kids who are permanently and totally disabled. *3.*The child must have lived with you or your spouse in the United States for more than half the year. *FOR EACH CHILD, YOU NEED*: *1*. A Social Security number (be sure to use the child's name and Social Security number exactly as they appear on the Social Security card) *2.* His or her birth date

What are the requirements of Child Tax Credit?

*1. Age*: The child must have been 16 or younger on December 31 of the tax year. *2. Citizenship*: The child must be a United States citizen, a United States national, or a resident alien. *3. Dependent*: The child must be claimed as a dependent on your tax return. *4. Relationship*:The child must be related to you in one of the following ways: son, daughter, stepson, stepdaughter, brother, sister, stepbrother, stepsister, grandchild, niece, or nephew. This includes any legally adopted child, any child lawfully placed with you in preparation for adoption, and any foster child lawfully placed in your care. *5. Residency*: The child must have lived with you for more than half of the year (stayed with you for at least 183 nights). Temporary absences for special circumstances are generally acceptable, and special rules may apply if you are divorced or for certain other circumstances. *6. Support*: The child must NOT have provided more than half of his or her own financial support for the year.

What are the requirements to meet the Dependent, Child Care Expenses Tax Credit?

*1. Wages*: You must have earned income (such as wages from a job). If you are married and filing a joint tax return, your spouse must also have earned income. *2. Filing status*: Your filing status is Single, Married Filing Jointly, Head of Household, or Qualifying Widow(er) with a Dependent Child. *3.

Who must file a tax return?

-People whom are over the Gross income limits for their filing status on the table. -Self-employment income greater than or equal to $400. -Taxpayer received non-qualified distributions from a retirement plan and owes tax on the distribution -Taxpayer owes money related to the recapture of certain credits included education credits and repayment of the first-time homebuyer credit -(FORM 1095-A) Taxpayer receives an advanced premium tax credit to pay for health insurance.

Who should file a tax return?

1. You had income tax withheld from your pay, pension, social security, or other income 2. You made estimated tax payments for the year or had any of your over payment for last year's estimated tax applied to this year's taxes 3. You qualify for the earned income credit. 4. You qualify for the additional child tax credit

What are the requirements for Earned Income Credit without Kids?

1. You must have resided in the United States for more than half the year. 2. No one can claim you as a dependent or qualifying child on his or her tax return. 3. You must be at least 25 but under 65 at the end of the year.

What form is needed for Additional Child Tax Credit? Also, the schedule.

Form 1040 (Schedule 8812)

What is the Dependent, Child Care Expenses Tax Credit?

if you had to pay someone to care for your child, dependent, or spouse so you could go to work, school or because of a disability, then this will allow to claim a tax credit

What is the Additional Child Tax Credit?

is a refundable credit that you may receive if your Child Tax Credit is greater than the total amount of income taxes you owe, as long as you had an earned income of at least $2,500. For 2019 returns, the ACTC is worth $1,400.

What is Earned Income Tax Credit (EITC or EIC)?

is a refundable tax credit for low- and moderate-income workers. The amount depends on income and number of children. People without kids can qualify.

What is Child Tax Credit?

is intended to offset the many expenses of raising children.

What is a Nonrefundable Credit?

means that the credit cannot be used to increase your tax refund or to create a tax refund when you don't already have one.