Question
Is the child tax credit and EIC the same thing?
Answer
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
First Time Filer: What Is A Personal Exemption And When To Claim One?
A personal exemption reduces your taxable income. You may be able to claim one for yourself, your spouse and dependents. Learn the rules with H&R Block.
Deduct School Related Travel Expenses
Learn more about deducting school related travel expenses with advice from the tax experts at H&R Block.
Claiming Charitable Deductions As A Dependent
Is claiming charitable contributions possible if you're a dependent? Learn more from the tax experts at H&R Block.
Standard Mileage Deduction Vs. Actual Expenses
Should you take the standard mileage deduction or claim actual expenses? Learn more from the tax experts at H&R Block.
