Taxpayers who don’t qualify for the Child Tax Credit because their children are too old may have an alternative. The Credit for Other Dependents maxes out at $500 per dependent if certain conditions are met. To qualify, dependents must: Be age 17 or older; have individual taxpayer ID numbers; be a qualifying relative of the taxpayer or if unrelated, must live with the taxpayer. (A taxpayer’s dependent parent may also qualify.) The credit begins to phase out when income exceeds $200,000 or $400,000 for married couples who file joint tax returns. This credit can be claimed in addition to the Child and Dependent Care Credit and the Earned Income Credit. Here’s more. For questions, contact the Cg Team. © 2021