child tax credit stops once a dependent child turns 17 years old.Parents often become accustomed to taking various deductions and credits related to their dependent children. It's good to keep in mind that the tax benefits related to children are gradually removed as the children become older. A case in point, the
One reader who was diligently reviewing her tax return emailed me to ask,
"My husband and I just completed our Federal taxes and we came across something I'm not sure is right. We used Turbo tax and were told that because our daughter turned 17 during the year of 2008, (Dec.3) to be exact we could no longer qualify for the child tax credit. Is that correct? Even if she didn't turn 17 until 2 weeks before the year ended?"In this case, the tax software correctly disallowed the child tax credit for this particular situation. For the purposes of the child tax credit, a dependent qualifies only if they are 16 years old or younger at the end of the year.
Here's some additional age limitations for dependents: