Judy1
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Because the law that gives child tax credit says it's only good as long as the child is under 17. And geez, what an amazing bunch of wrong answers to a very basic question! Some of the responders were talking about being able to claim him as a dependent - and you can, you just don't get the child tax credit for him. |
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v b
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Because they are 17.
Congress cuts this off at 17. |
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Grandpa
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here is what the irs web site says-------A qualifying child for purposes of the child tax credit is a child who:
1.
Is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild, niece, or nephew),
2.
Was under age 17 at the end of 2007,
3.
Did not provide over half of his or her own support for 2007,
4.
Lived with you for more than half of 2007 (see Exceptions to time lived with you below), and
5.
Was a U.S. citizen, a U.S. national, or a U.S. resident alien. If the child was adopted, see Adopted child below |
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mantani24
 |
Because that's the rules that the IRS put on it. Sorry. |
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USucker
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Because you're not friends with the Prez.... You're just not in with the in crowd, baby! |
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DJ Rich
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Tell him he should really look for a job, like the morning news paper. |
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timmy stevenson is cool
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because The Man just wants to keep you down |
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proudpreemieparents
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Because 17 is the cut off for child tax credit for a federal refund. |
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roadster9879
 |
Actually the rule book says seventeen. You are still eligible until he turns 18. After 18, there are special provisions that can extend this (some, but not many).
But, not to worry. There's a lot of legal ways to skin the IRS cat and make some money for your retirement. Get TAX CUT gold and use the tax planner (before not after tax year). use the help books and the deduction pro. There are lots of other deductions you may be missing. You can take advantage of these with good planning.
Here's a huge one: start a small business like "avon" or something like that. (there is one on my web site at http://www.theconsumersforum.com ) . Basically all or at least a percentage of everything you do that is related to the business is tax deductable, including when you travel to see friends and relatives (providing you have a meeting while you are there). You can show losses in the business for 4 years before you have to begin showing a profit. If you do begin making profit, roll it back into a Roth 401k plan or the like.
I consider paying taxes a priviledge. It means I made something. But, I don't believe in over paying taxes, and I don't believe in "cheating". I do believe in using every legal means to reduce that burden to a fair amount.
I hope this helps. |
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Corbin
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You can. Last year I was living with my parents. I was 20 and I had a job and was in school.
They claimed me and I didn't get my $600.
Now I'm on my own and need the money, but can't get it. |
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Mongo
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Because they just recently (last year I believe) made it so sixteen is the last year you can collect off of it. |
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Gary
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Because of his age. You can take it when a child reaches 17. |
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bigtalltom
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my guess, without having all the details, would be that you make too much money. |
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anissia
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i didnt hear anything about that , I' am pretty sure you can. |
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Julie
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You can claim your child as a deduction until he/she is 25 years old as long as he/she is in school. |
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AZRAEL
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Seems to me as long as you provide 50 % or more of his support and he isn't working ,you should be able to claim him. What about people who have college age (attending) children ? They claim their deductions.The INFERNAL REVENOOR Laws were never ratified, so technically taxation w/o representation is ILLEGAL. I would consult a tax expert and make sure 'cause once you get the IRS monkey on your back yuo'll never see $$ daylight for a long,long, time. I have fought with these hammerheads for years and it is not a "win -win" situation. The little guy/gal hasn't got a prayer in Dantes' Inferno. God Bless and GOOD LUCK !!! |
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infinate_cold
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because you probably didnt claim him as a dependant on your taxes last year. I dont know though... its my lady thats the accountant. |
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eyebtired
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your income is too high? i don't know. is this a riddle? |
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Queequeg
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You should be able to. That makes no sense! |
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MJ
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You should be able to, my parents claimed me until I was 23 and still in college. |
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Bre_Rockz
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you should be able..
who told you you couldnt?
my aunt still does nad her kids aRE 16 17 19 |
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taterbug5252
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You should be able to unless you make too much money. I'm not aware of an age cut off for applying. |
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Helen B
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You can. Who told you that you cant?? im sure you can my daughter has one too and believe me she did. |
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