I have a question regarding unemployment tax credit and unemployment tax benefit issues. If my only income was unemployment benefits, can I claim the child tax credit?
Yes, if you received taxable unemployment benefits, you can claim the child tax credit, but there is no unemployment tax credit. The child tax credit reduces taxes you owe, so you must have some taxable income to claim the credit.
To qualify for the additional child tax credit, you must have earned income. If unemployment was your only income, you aren’t eligible to claim the additional child tax credit.
However, you must also have had earned income in the year to claim either of these:
- Earned Income Credit (EIC)
- Child and dependent care credit
Expats are subject to recent changes under the Tax Cuts and Jobs Act much like any other taxpayer. Read on to learn more about how to prepare in the Tax Information Center.
If you need help handling an estate, we're here to help. Learn how to file taxes for a deceased loved one with H&R Block.
2017 has beckoned record-topping natural disasters. From wildfires in California to hurricanes throughout the south, the casualty loss tax deduction is a hot topic. Read to learn more.
Do you have unreimbursed expenses to include on your tax return? Learn how to claim unreimbursed employee expenses with IRS Form 2106.