Back to top


Click here to go back

Parents: Check Eligibility for the Credit for Others Dependents

Posted by Admin Posted on July 01 2024

The credit for other dependents is a $500 non-refundable credit available to taxpayers with dependents who are not eligible for the child tax credit. Taxpayers can claim this credit in addition to the child and dependent care credit and the Earned Income Credit.

This information can help taxpayers determine their eligibility to claim this credit on their 2023 tax return:

This credit can be claimed for dependents who:

  • Are of any age, including those who are age 18 or older.
  • Have Social Security numbers or Individual Taxpayer Identification Numbers.
  • Are parents or other qualifying relatives supported by the taxpayer.
  • Live with the taxpayer but aren't related to the taxpayer.
  • Are U.S. citizens, nationals or resident aliens.

The credit begins to phase out when the taxpayer's income is above $200,000. This phaseout begins at $400,000 for married couples filing a joint tax return.

A taxpayer can claim this credit if:

  • They claim the person as a dependent on the taxpayer's return.
  • They cannot use the dependent to claim the child tax credit or additional child tax credit.

Taxpayers can use the Does my child/dependent qualify for the child tax credit or the credit for other dependents? tool on to help determine their eligibility.

If you have any questions regarding Essential Business Accounting, Domestic Taxation, International Taxation, IRS Representation, U.S. Tax Implications of Real Estate Transactions or Financial Statements, please give us a call at +1-305-274-5811

Source : IRS      

The information provided on the LBCPA Blog is a community service for general information purposes only, and should not be used as a substitute for consultation with professional advisors who specialize in the topics covered. Please refer to your advisors for specific advice on these subjects. The information is not intended to be used, and it cannot be used, for the purposes of avoiding U.S. Federal and/or State tax laws or the tax laws of any foreign jurisdiction.

These blogs contain general information only and Lord Breakspeare Callaghan LLC or any of the other companies or firms presenting information are not providing accounting, business, financial, investment, legal, tax, or other professional advice or services. Lord Breakspeare Callaghan LLC or any of the other companies or firms contributing with articles shall not be responsible for any loss sustained by any person who relies on this information.