Many parents wonder how long they will be able to claim the child tax credit on their individual tax returns. If you qualify for the credit, it can be worth up to $1,000 per child. In order to qualify for this credit, your child needs to be under the age of 17 on the last day of the tax year. So make sure to plan accordingly if your child is going to turn 17 in the current tax year.
Please consult your tax advisor on the above information. You can also “Like” us on Facebook for your chance to win gift certificates to great local restaurants, www.facebook.com/veseyandcompany.