Dependent Tax credit
Taxpayers may claim a nonrefundable Dependent Tax Credit for certain qualifying dependents. For the purpose of the dependent tax credit, “dependent” means an individual that qualifies as a dependent for federal purposes.
The tax credit is equal to:
• $100 for each qualifying dependent who is under 17 years of age at the end of the taxable year
• $25 for each qualifying dependent who is at least 17 years of at age at the end of the taxable year. The allowable credit is reduced for single, head of household, and married taxpayers filing separate returns whose federal adjusted gross income (page 1, line 12) is more than $200,000; and for married taxpayers filing a joint return whose federal adjusted gross income is more than $400,000.
Family Income Tax credit is non refundable. The software will generate this credit automatically if you qualify.