WebJan 20, 2024 · Credit for Other Dependents (ODC) Child and Dependent Care Credit (CDCC) Head of Household (HOH) Filing Status. The child must meet the basic tests under the … WebApr 10, 2024 · For 2024, the maximum amount of the credit is $500. Filers can claim this Credit in addition to the Federal Child and Dependent Care Credit, their State Child and Dependent Care Credit, and the Earned Income Tax Credit. More information on the Credit for Other Dependents can be found on this IRS webpage. Medical and Dental Expense …

2024 Instructions for Schedule 8812

WebApr 7, 2024 · This credit starts decreasing if the taxpayer makes above $200,000 annually in income, being raised to $400,000 for those couples who file jointly. Child Tax Credit and the Credit for Other ... WebJan 24, 2024 · The maximum credit amount is $500 for each dependent who meets certain conditions. For example, ODC can be claimed for: Dependents of any age, including those who are age 18 or older. Dependents who have Social Security numbers or individual … gosforth theatre newcastle

Child and dependent care tax credit USAGov

WebOther Dependents Use Schedule 8812 (Form 1040) to figure your child tax credit (CTC), credit for other depend-ents (ODC), and additional child tax credit (ACTC). The CTC and ODC are nonrefundable credits. The ACTC is a refundable credit. Section references are to the Internal Revenue Code unless otherwise noted. Future Developments WebODC. Know that for ODC: This is a non-refundable tax credit of up to $500 per qualifying person. The credit begins to decrease in value if your adjusted gross income exceeds … WebThe preparer must pass four tests to show reasonable diligence when a return claims the Earned Income Credit (EIC), Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), Credit for Other Dependents (ODC), and head of household (HOH) filing status. The knowledge test is the first. chico\u0027s delray marketplace