Tax Tip 2023-22: Understanding the Credit for Other Dependents
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Issue Number: Tax Tip 2023-22
Understanding the Credit for Other Dependents
Taxpayers with dependents who don’t qualify for the Child Tax Credit may be able to claim the Credit for Other Dependents. They can claim this credit in addition to the Child and Dependent Care Credit and the Earned Income Credit.
Here’s more information to help taxpayers determine whether they’re eligible to claim the Credit for Other Dependents on their 2022 tax return.
The maximum credit amount is $500 for each dependent who meets certain conditions. This credit can be claimed for:
The credit begins to phase out when the taxpayer’s income is more than $200,000. This phaseout begins for married couples filing a joint tax return at $400,000.
A taxpayer can claim this credit if:
Taxpayers can use the Does My Child/Dependent Qualify for the Child Tax Credit or the Credit for Other Dependents tool on IRS.gov to help determine if they are eligible to claim the credit.
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