Can a working family get both the Child Tax Credit and the Earned Income Credit?
The answer is YES! Most low wage working families that qualify for the CTC refund will also qualify for the EIC. Who is a qualifying child for the Child Tax Credit? • sons, daughters, stepchildren, grandchildren, and adopted children • Brothers, sisters, stepbrothers, stepsisters, as well a descendants of such people. • Foster children that are placed with the worker by an authorized government agency. • A child claimed for the CTC must be under the age of 17 at the end of 2005. The child must live with the worker more than half the year in the USA and must be either a citizen or resident alien. The child must have either a valid Social Security number or a valid Individual Taxpayer Identification Number. How do Families get the Child Tax Credit? • Step one. People raising a qualifying child in their home must file either form 1040 or 1040 A. Do not use form 1040EZ. The instructions and worksheets are included in the IRS tax packet and will help filers calculate their maximum possible
