Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Why does program give $500 for children over 18 claimed on parents taxes

jwild
Level 1
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Accountant-Man
Level 11

Because the new tax law says so beginning in 2018.

** I'm still a champion... of the world! Even without The Lounge.

View solution in original post

5 Replies 5
Accountant-Man
Level 11

Because the new tax law says so beginning in 2018.

** I'm still a champion... of the world! Even without The Lounge.

View solution in original post

Taxprohere
Level 3
Those tricky tax laws, always getting in the way of tax preparation.
0 Cheers
IRonMaN
Level 15
Those silly tax laws - why would they keep these things secret?
ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
0 Cheers
keith
Level 1
You need to review what is considered the Enhanced Child Tax Credit through the new tax law.  It is available to dependents over 17, mothers, fathers, others that you may claim and has specifics about it.
0 Cheers
AshleyatIntuit
Employee
Employee

i don't know if this applies for what you're asking but found this via google https://www.forbes.com/sites/kellyphillipserb/2018/08/28/irs-issues-guidance-on-new-500-credit-for-d...  it reads in part, "The Tax Cuts and Jobs Act (TCJA) made a number of changes that affect the tax burden of families. However, those changes did lead to some questions. Today the Internal Revenue Service (IRS) announced that it intends to issue proposed regulations to clarify who is a qualifying relative for the new $500 credit for dependents and head of household filing status."

0 Cheers