If you have a dependent who doesn’t meet the criteria for the Child Tax Credit, you may qualify for the Credit for Other Dependents. The $500 nonrefundable credit can be claimed for eligible dependents of any age. This includes college students, parents you support financially and unrelated people who live with you. The dependent must be a U.S. citizen, a national or a resident alien, and have a Social Security number or tax ID number. The credit begins to phase out for incomes above $200,000 ($400,000 for married joint filers). Here’s an online tool to help determine eligibility for the Child Tax Credit or the Credit for Other Dependents: https://bit.ly/3XGiQQs
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