Question

Do I get a tax credit for 1,000 for each dependent under the age of 18?

Forum|Forum|5 years ago
February 17, 2021
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TurboTax Deluxe Online

Employee

Not exactly. The child and dependent credit is up to $2000 for "qualifying child" dependents under age 17. For qualifying child dependents age 17 and older, and all other dependents, the credit is $500. The child tax credit is "up to" $2000 because the amount of the credit is influenced by your total income and your income earned from working. At lower income levels, you may not get the full amount, especially if your income is from other sources than work (such as unemployment compensation).