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. The Earned Income Credit (EIC) is a credit for certain lower-income taxpayers, with or without children.
If you’re eligible, you can claim both credits.
Related Resources
Form 8332 is the form custodial parents can use to release their right to claim a child as a dependent to the noncustodial parent. The form can be used for current or future tax years. Additionally, custodial parents can use tax Form 8332 to revoke the release of this same right.
Learn more about HSA tax deductions, including deducting medical expenses paid from an HSA account, with advice from the tax experts at H&R Block.
Learn how claiming children on your taxes will impact your federal tax return with advice from the tax experts at H&R Block.
Can you claim a non-child relative as a dependent and does it count as a qualifying relative? Learn more about your tax questions from H&R Block.
