Is the child tax credit and EIC the same thing? No. The child tax credit is a credit for having dependent children younger than age 17. If you’re eligible, you can claim both credits.

What is considered earned income for child tax credit?

Children must have a Social Security number to qualify. The earned income threshold to qualify for the CTC is $2,500. The CTC phases out at an income level of $200,000 for single filers and $400,000 for joint filers.

Do you have to have earned income to claim child care credit?

However, eligibility rules for the child care tax credit state that you must have earned income on your U.S. tax return. Specifically: If you were able to reduce all your taxable income using the foreign earned income exclusion, then you cannot claim the child care credit.

What makes you qualify for the child tax credit?

To be a qualifying child for any of the child related tax benefits: Dependency Exemption. Child Tax Credit (CTC), and the refundable part of the CTC, the Additional Child Tax Credit (ACTC) Earned Income Tax Credit (EITC) Credit for Other Dependents (ODC) Child and Dependent Care Credit(CDCC) Head of Household (HOH) Filing Status.

What are the rules for qualifying a child for the EITC?

To be a qualifying child for the EITC, your child must live in the same home as you in the United States for more than half of the tax year. The United States includes the 50 states, the District of Columbia and U.S. military bases. It does not include United States possessions such as Guam, the Virgin Islands or Puerto Rico.

Can You claim the child care tax credit as an expat?

If you were able to reduce all your taxable income using the foreign earned income exclusion, then you cannot claim the child care credit. If you were not able to reduce all your taxable income using the foreign earned income exclusion, you can claim the child care tax credit on your U.S. expat tax return.