Earned Income Tax Credit 2024 - Qualifying Child Rules for College Students
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- Опубликовано: 11 фев 2025
- The Earned Income Credit (EIC) is a tax credit available to U.S. taxpayers with earned income under certain thresholds. The credit is increased for those who have qualifying children as well.
The test for qualifying child for EIC purposes is slightly different than what it means to be a qualifying child for Child Tax Credit (CTC) purposes on IRS Form 8812.
In this example, we look at a taxpayer with a 21-year-old son who lives at home and is a full-time college student.
For videos on how to calculate the child tax credit:
CTC for 2024: • Child Tax Credit 2024 ...
Support Test for CTC: • Child Tax Credit - Wha...
CTC impact on welfare & unemployment benefits: • Child Tax Credit - Imp...
IRS CP79A Notice for CTC: • Child Tax Credit Denie...
IRS Form 8862 for Disallowed Credits: • IRS Form 8862 - Disall...
For a full playlist of earned income credit (EIC) videos:
• Playlist
For a larger database of tutorials, please visit our website and search for your question:
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Thank you for all your videos! I am a single member LLC tax preparer and completed the AFSP record of completion. You have the BEST content for anything and everything taxes which helps me so much when I think of a something I am unsure about to service my clients! Thanks keep these going! Great content!
Glad to hear the videos are helpful!
If my daughter in college is using our home as her primary residence but stays in an apartment while she is at college full time in a different city, how many months do I say she lived with us on the EIC form? What if she had summer school courses which were "out in the field" where she wasn't physically at either residence?
Can I claim this credit if I live abroad?
Can I claim CTC with no income?
Good question! We have a video that covers this issue: ruclips.net/video/MCDLbGualj0/видео.html