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Child Tax Credit Washington DC

Local resource for information on the child tax credit in Washington. Includes detailed information on local businesses that provide access to child tax credit counseling, child tax credit calculation, and help with filing child tax credit claims, as well as advice and content on tax liability reduction and claiming the child tax credit.

Kristen M Garry
(202) 508-8186
801 Pennsylvania Avenue Nw, Suite 900
Washington, DC
Specialties
International Law, Tax, Antitrust
State Licensing
DC

Sarah Moore Johnson
(202) 344-4035
575 7th Street Nw
Washington, DC
Specialties
Estate Planning, Tax, Trusts
Education
University of Georgia
State Licensing
Georgia

James R Buchanan
(202) 383-0227
1275 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Corporate, International Law
Education
University of Virginia School of Law,University of Virginia
State Licensing
DC

Matthew T. Journy
(202) 344-4589
575 7th Street NW
Washington, DC
Specialties
Tax, Government, Commercial
State Licensing
Massachusetts

Katherine Leibowitz
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Business, Financial Markets And Services, Tax, Intellectual Property, Life Science & Biotech
Education
University of Pennsylvania Law School,Princeton University
State Licensing
DC

Sarah Blackburn Albertson
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Estate Planning, Litigation
Education
Harvard University Law School,Cornell University
State Licensing
DC

Christian M Mcburney
(202) 585-8358
401 9th Street Nw, Suite 900
Washington, DC
Specialties
Tax, Real Estate, Partnership
State Licensing
DC

Rita A. Cavanagh
(202) 637-2140
555 11TH ST NW STE 1000
WASHINGTON, DC
Specialties
Tax
Education
University of California - Berkeley,Yale University
State Licensing
DC

Henrik Haeckel
(202) 383-0822
1275 Pennsylvania Avenue Nw
Washington, DC
Specialties
Tax, Intellectual Property, Real Estate
State Licensing
DC

Amanda Yoshiko Baker
(202) 585-8202
401 9th St Nw
Washington, DC
Specialties
Intellectual Property, Business, Tax
State Licensing
DC

Canada Child Tax Credit

Canada Child Tax Credit

Canada pays month payments to the caretakers of children under the age of 18 who have lower incomes and qualify under the Canada Child Tax Benefit (CCTB) plan.

Canada Child Tax Credit

Rather than a credit that reduces the amount of taxes owed at the end of the year, Canada has a more proactive approach to helping lower income families with the expense of raising children. The Canada Child Tax Benefit plan, known as CCTB, pays a monthly payment to the qualifying families. The Canada Child Tax Credit approach includes an additional amount if the child is classified as disabled or has special needs.

The CDB is the Canada Disability Benefit that is paid to the families of children with physical or mental disabilities. There is a third benefit included in the Canada Child Tax Credit plan called the National Child Benefit. This NCB is an additional payment to the families of low income families who are employed and also caring for children with disabilities. The idea behind the NCB is to insure that families always fare better when the parents are employed and not relying solely on Government support.

The Canada Child Tax Credit requirements for eligible children under the CCTB plan is fairly strict in detailing that the taxpayer who is claiming the benefit actually is the one who provides the majority of the care to the child. For example, if a child and its mother were living in your household, you would not be eligible to receive the CCTB because it would be assumed that the mother is providing the majority of the direct care of the child. It is not merely financial support that is being considered under this plan. The child must also be under the age of 18 and a citizen of Canada or at least someone with a legal right to be living in the country.

It is suggested that application for the Canada Child Tax Credit plans including CCTB and CDB should be made as soon as possible after the birth of the child. The qualifying income lev...

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Claiming the Child Tax Credit

Claiming the Child Tax Credit

If you have a qualifying child, you may claim the Child Tax Credit on either Form 1040 or 1040A.

The Child Tax Credit allows you to reduce your Tax by $1000 for each qualifying child as long as your adjusted gross income is below a certain level. This level is known as the phase out level and once it is reached your credit is gradually phased out until it no longer exists. The level is $110,000 for a married couple filing jointly and $55,000 for filing separately. For all other taxpayers the level is $75,000.

In order to be qualified for the Child Tax Credit, the child must be under the age of 17 at the end of the tax year. They must have lived with you for more than half of the year and be citizens of the United States or resident aliens. The taxpayer must have provided at least half of the support for the child for the year. Certain conditions apply for the restrictions on living with the taxpayer. Vacations, time away in schools, or even time kidnapped or in a juvenile detention facility count as time lived with the taxpayer.

Once the status of qualified child is determined, the Tax Credit is claimed by completing the Child Tax Credit Worksheet that is included as part of Publication 972 (2006) that is included with the 1040 and 1040A tax packages. The Worksheet and its instructions appear at first to be very difficult and complex, but in reality they are really quite simple to complete. The instructions walk you through it in a very simple and straightforward manner and the figures needed to complete the worksheet come from easily accessible figures relating to other credits claimed and your adjusted gross income and tax liability.

It is possible that the Child Tax Credit will reduce your tax liability to zero. If this happens and you have not used all of your Child Tax Credit, it is possible to go on to Form 8812 to claim the additional Child Tax Credit. This is called a refundable tax credit and it could result in a ...

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