Child Tax Credit Now Increased To 00 From the Current Fiscal Year
Posted by childtaxcredit on November 2nd, 2019
Traverse City, USA (Nov 02, 2019) - The Tax Cuts and Jobs Act released by the Donald Trump Government will be implemented from this tax season. According to the tax overhaul project, every parent in the US will get a credit of 00 for each child. The credit only applies to those whose income exceeds 00. Earlier, the credit given for one child was 00.
Moreover, some part of the child tax credit is refundable. Earlier it was not. The tax-ceiling has also been increased from 000 to 0,000 in case the parent is single, and for married parents, the ceiling has been increased from 0,000 to 0,000. Additional Child Care Tax Credit has also been removed due to this new tax overhaul by the Trump government.
To avail of this credit, the child must be under the age of 17 years. Also, the child has to be a direct descendant or stepchild of the filer, the child must be a citizen of the US, and lastly, the child must be dependent on the tax filer.Moreover, the child has to have a social security number to become eligible for the credit. The tax filers have to by filling out the 1040 form.
File My Taxes Online
945 East 8th Street Suite A
Traverse City, Michigan 49686
About the Authorchildtaxcredit
Joined: November 2nd, 2019
Articles Posted: 1
The ONLY Vital Credit Card
Earn 5% Cash Back on all of your purchases plus additional cashback for sharing the offer with your friends and family! This is the ONLY credit card you need! Competitive APR's, No annual fee, Elegant Metal Card Design!
CryptoKnight Capital - Earn Crypto on Auto-Pilot!
Start investing safely in crypto when you follow our automated cryptocurrency trading portfolios. Let us do the work and earn you money!
Claim 1 FREE Stock! No Purchase Necessary!
You have a 100% chance of receiving one free stock! Click to claim and have a chance to get one share of Facebook, Visa, Microsoft and others for free!
FREE App - Earn up to 25¢/gal cash back on gas!
Download this FREE app and earn cash-back when you buy gas, groceries and food! 100% FREE to join and FREE to earn cash back on your everyday purchases!
Quality Office Furniture USA Shipped Direct - Madison Liquidators
Nationwide vendor of quality office furnishings including Desks, Office Chairs, Conference Tables, Cubicles and more!
Earn HNT Tokens with a Helium Hotspot!
Pre-Order a Helium hotspot and earn HNT tokens that are redeemable for USD. Set it and forget it!