Family Law & Taxes - Tax Credits

As mentioned in the previous week, tax credits are available to you depending on your status. As a divorced or single parent with children, you may benefit from the “Child Tax Credit” if you have a qualifying child.

A “qualifying child” is:

  1. Under the age of 17 at the end of the tax year

  2. Your son, daughter, adopted child, stepchild, foster child, brother, sister, stepbrother, stepsister, grandchild, niece, or nephew

  3. A US citizen, national, or resident alien

  4. Claimed as a dependent on your tax return

Furthermore, they must have lived with you for more than half the year and have not provided for more than half of their own support.