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Issue Number: Tax Tip 2024-26Parents: Check eligibility for the Credit for Other Dependents The Credit for Other Dependents is a $500 non-refundable credit available to taxpayers with dependents who are not eligible for the Child Tax Credit. Taxpayers can claim this credit in addition to the Child and Dependent Care Credit and the Earned Income Credit. This information can help taxpayers determine their eligibility to claim this credit on their 2023 tax return. This credit can be claimed for dependents who:
The credit begins to phase out when the taxpayer’s income is above $200,000. This phaseout begins at $400,000 for married couples filing a joint tax return. A taxpayer can claim this credit if:
Taxpayers can use the Does My Child/Dependent Qualify for the Child Tax Credit or the Credit for Other Dependents tool on IRS.gov to help determine their eligibility. More information
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