6 Tax Changes To Know To Avoid A Surprise In 2019

#3 Child Care Credits

The tax code temporary removed the $4,050 personal exemption for years 2018 to 2025. Even so, Steffen says people should still be identifying those dependents because the child tax credit was raised to $2,000 from $1,000 for children under age 17. A separate $500 credit is available for dependents who don’t qualify for the $2,000 credit.

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