He United States Internal Tax Service (IRS, for its acronym in English) grants a fiscal benefit for families with children under 17 years so that they can access tax deduction through Tax credit for children (CTC).
This fiscal benefit will continue in force in 2025 and is mainly focused on Millions of households whose income is below the threshold of poverty.
However, to obtain the benefits offered by the CTC it is necessary valid to work in USA.
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How to obtain credit for children of IRS?
To obtain the benefits granted by credit for IRS, it is necessary to meet a series of requirements that range from Fill the form 1040in addition to all the information corresponding to the tax declaration.
- Children under 17 at the end of the fiscal year
- Be a son, Biker, adopted son, brother, sister, half brother, half sister, stepbrother, stepsister or direct descendant (nephew grandson)
- Be claimed as a dependent in taxpayer’s tax declaration
- Have lived with a declarant for more than half a year
- Receive at least half of the taxpayer’s economic livelihood
- Being a American, national or foreign citizen resident in the country
- Do not present a joint statement with the spouse for 1 year tax
- Have a valid social security number to work
The IRS offers an attractive credit for children that you can obtain if you meet these requirements
The form that is must fill is available through the official IRS page and to aspire to obtain the tax benefits granted by the CTC It is necessary to provide all the data correctly in order to avoid delays or rejections of applications.
For the fiscal year of 2025, The CTC offers up to $ 2,000 per qualified child, with a reimbursable portion of up to $ 1,700as long as married taxpayers submit a joint statement that does not exceed 400 thousand dollars.
In the case of persons with gross revenue of up to $ 84,000 annually, they can access free tax software through Irs Free File program.
