Child Care Credit, Other Credits:
Child Tax Credit
This is archived information that pertains only to the 2005 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Does the Form 8332 (used to release the exemption to the noncustodial
parent) affect the Child Tax Credit?
Yes. The Child Tax Credit can only be claimed by the parent claiming the
exemption. In this case the noncustodial parent would qualify for the dependency
exemption and therefore the child tax credit. Please refer to the Form 1040 Instructions or the Form 1040A Instructions index
for Child Tax Credit. The referenced pages will explain who qualifies for
this credit, and how to calculate it.
Can you file for the Child Tax Credit and the Child Care Credit,
too?
The Child Tax Credit and the Child and Dependent Care Credit can both be
claimed on the same return. They can be claimed on either Form 1040 (PDF), U.S. Individual Income Tax Return, or Form 1040A (PDF), U.S. Individual Income Tax Return. Please refer to
the Form 1040 Instructions or the Form 1040A Instructions index for the Child Tax Credit. The referenced pages will explain
who qualifies for the Child Tax Credit, and how to calculate it. Publication 503, Child and Dependent Care Expenses, has more information
for the Child Care Credit.
Can I get the Child Tax Credit for a child with an ITIN, not a social
security number?
Yes, with an individual tax identification number (ITIN), you can claim
the Child Tax Credit if you otherwise qualify. The Child Tax Credit can only
be claimed by the parent claiming the child as a dependent.
Please refer to the Form 1040 Instructions or the Form 1040A Instructions index for the Child Tax Credit. The referenced
pages will explain who qualifies for the Child Tax Credit, and how to calculate
it.
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