How much could I receive through the Child Tax Credit? Families will receive $3,000 per child for children over the age of 6 and $3,600 per child for children under the age of 6.
The short answer is no, you cannot claim yourself as a dependent on your tax return. This is because you are considered to have your own personal exemption.
Taxpayers who don't itemize their deductions can claim North Carolina's standard deduction. The standard deduction for the 2024 tax year is $14,600 for single filers and $29,200 for joint filers. However, there is no personal exemption in North Carolina for filers, spouses or dependents.
CHILD TAX CREDIT (CTC) For spouses filing jointly with a combined adjusted gross income between $40,000 and $100,000: $100/qualifying child. Income thresholds are 20% lower for individuals filing as head of household and 50% lower for both single taxpayers and spouses filing separately.
North Carolina eliminated its state EITC in 2014.
Child Deduction Table Filing StatusAGIDeduction Amount Head of Household Over $45,000 Up to $60,000 $2,000 Over $60,000 Up to $75,000 $1,500 Over $75,000 Up to $90,000 $1,000 Over $90,000 Up to $105,000 $50017 more rows
Maximum Credit per Child Eligible taxpayers can claim a child tax credit and reduce their federal income tax liability by up to $2,000 per qualifying child. The maximum credit a taxpayer can receive equals the number of qualifying children a taxpayer has multiplied by $2,000.
1) Age test - For these tax years, a child must have been under age 17 (i.e., 16 years old or younger) at the end of the tax year for which you claim the credit. 2) Relationship test - The child must be your own child, a stepchild, or a foster child placed with you by a court or authorized agency.
Child Deduction Table Filing StatusAGIDeduction Amount Head of Household Up to $30,000 $3,000 Over $30,000 Up to $45,000 $2,500 Over $45,000 Up to $60,000 $2,000 Over $60,000 Up to $75,000 $1,50017 more rows