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Question
How much 2022 total child tax credit should I get for claiming 2 dependents; 1 turned 17 before the end of the year and the other is 13 years old?
AI accountant’s answer:
For tax year 2022, the Child Tax Credit (CTC) is $2,000 per qualifying child. A qualifying child must be under the age of 17 by the end of the tax year. Since one of your dependents turned 17 before the end of 2022, they would not be eligible for the CTC. However, the 13-year-old dependent would qualify for the CTC. Therefore, for tax year 2022, you should be eligible for a total Child Tax Credit of $2,000 for your 13-year-old dependent.
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Michael Eaton, CPA
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