- Thread starter
- #101
So everyone above, (myself not included, or some others), will try to claim both credits(?).
End of matter.
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The basis for the Additional Child Tax credit is to make lower income families eligible for a refund, even if the other deductions and credits, not including any child credit, create a zero tax liability. That household does not first claim the non-refundable credit at all. That offers no refund. It only claims the additional refundable child tax credit. For 2017, the amounts are the same, regardless of which one gets taken. The amounts are different, is all: For 2018.
"Crow, James Crow: Shaken, Not Stirred!"
(Maybe there is a long-line at Tax Court in the offing(?)!)
End of matter.
__________________________________
The basis for the Additional Child Tax credit is to make lower income families eligible for a refund, even if the other deductions and credits, not including any child credit, create a zero tax liability. That household does not first claim the non-refundable credit at all. That offers no refund. It only claims the additional refundable child tax credit. For 2017, the amounts are the same, regardless of which one gets taken. The amounts are different, is all: For 2018.
"Crow, James Crow: Shaken, Not Stirred!"
(Maybe there is a long-line at Tax Court in the offing(?)!)