What are The Things you Need to Get the Child Tax Credit

If you have kids & planning to claim the child tax credit, then this blog is for you. There are specific rules and regulations regarding this which we are going to explore. To understand how much credit you will get, it’s essential calculating income tax. For this, you can use the Income Tax Calculator 2020 as well. But for now, let’s see what the requirements for claiming child tax credit are.

The Requirements for Claiming a Child Tax Credit

The first thing you will need to prove is the age of your child. They must be under 17 for qualifying to make the child tax credit claim. This is the first requirement. You must have a birth certificate or age proof. The second thing is the relationship test. If you have a foster child or adopted child, you need to prove legally they are your kids. If you have a niece, nephews, you can claim on their behalf as well. But you have to the relationship test.

So, when you are doing it, make sure you have all the paperwork done to avoid any hustle. The third is the Support test. It means your child should not be able to provide more than half of his/her financial support. In simple terms, if they are earning themselves, then you may not be eligible to claim the Child tax credit.

The fourth is the dependent test. You need to claim a dependent on your Tax Refund 2020. For this, they should be your child, under 19, live with you and do not have half of their own support.
The fifth is the citizenship test. Your child must be a U.S citizen to claim the Child tax credit. You may have heard other terms like U.S National, which means people who are born in American Samoa or the Northern Mariana Islands.

The sixth is the Residence test. The child has to be lived with you at least one and a half years to prove the claim. If you are a divorced person with kids, then there are other rules for it. You can take the help of Forms 1040, 6C and Lines 51.

The seventh and last requirement is the family income test. As we said earlier, it depends on your income. It is also known as Adjusted Gross income (AGI). For calculating it, you can use the Income Tax Calculator 2020. First, you need to clear your status, whether you are single or married.

So, these are the requirements for claiming the child tax credit. We are sure they will help when you are getting ready for filing taxes.

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