Dependent parent credit | FTB.ca.gov (2024)

FAQs

What is the tax credit for a dependent parent? ›

What you'll get. The most you can claim is $573.

To claim the credit, you (and your spouse, if you're married) must have income earned from a job and you must have paid for the care so that you could work or look for work. You can claim from 20% to 35% of your care expenses up to a maximum of $3,000 for one person, or $6,000 for two or more people (tax year 2023).

You qualify for the full amount of the 2023 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than $200,000 ($400,000 if filing a joint return). Parents and guardians with higher incomes may be eligible to claim a partial credit.

As long as you earned less than $200,000 — or $400,000 if filing a joint return — you could qualify for the full $2,000 per child of the 2023 child tax credit. The refundable part of the credit is worth up to $1,600 for each child. If you earn more, you could be able to claim a partial credit, according to the IRS.

Your parent's total income, including any taxable Social Security benefits, for the year is less than $4,700 in 2023, or $5,050 in 2024. Your parent isn't being claimed as a dependent by someone else, such as a sibling.

Non-taxable income such as Social Security does not factor into the calculation of total income for purposes of claiming a parent as a dependent.

You must have earned income throughout the year to qualify. Any money earned from pensions, foreign earned income, Social Security benefits, workers' comp, unemployment, investment income from interest or dividends or child support does not count.

Yes, you may claim the child tax credit (CTC)/additional child tax credit (ACTC) or credit for other dependents (ODC) as well as the child and dependent care credit on your return, if you qualify for those credits.

Here's more information to help taxpayers determine whether they're eligible to claim the Credit for Other Dependents on their 2022 tax return. The maximum credit amount is $500 for each dependent who meets certain conditions.

To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.

Who cannot be claimed as a dependent? ›

A dependent must be a U.S. citizen, resident alien or national or a resident of Canada or Mexico. A person can't be claimed as a dependent on more than one tax return, with rare exceptions. A dependent can't claim a dependent on their own tax return. You can't claim your spouse as a dependent if you file jointly.

It sounds like you may have entered the child as an other dependent rather than a child. Other dependents age 18 or older would qualify for a $500 credit. Make sure the birth date is entered correctly. Go back through the dependent section and make sure you answered all the questions correctly.

The credit a family receives is calculated by multiplying the amount of expenses by the family's adjusted gross income (AGI). The maximum amount of child or dependent care expenses a taxpayer can claim on their taxes is $3,000 for one dependent and $6,000 for two or more.

If you have 1 qualifying child or dependent, you can count up to $3,000 in work-related expenses for tax year 2023, even if you spent much more than that. For 2 or more qualifying dependents, the amount increases to $6,000—the maximum allowable amount of expenses regardless of how many dependents you have.

You may qualify to claim the 2023 credit for child and dependent care expenses if you (and your spouse/RDP) paid someone in California to care for your child or other qualifying person while you worked or looked for employment. You must have earned income to do so.

If you can be claimed as a dependent on your parents' return, you can still file your own return so that you can receive a refund of taxes withheld. (You will not get back anything for Social Security or Medicare withheld.)

If your parents are physically or mentally unable to care for themselves and you pay for their care so you are able to work or look for work, you may be eligible to receive the Child and Dependent Care Credit, a non-refundable tax credit.

You must provide more than half of your parent's financial support during the current tax year to claim them as a dependent. Compare the monetary value of support you provide to the amount of your parent's income, including Social Security, to determine whether or not you meet the support requirements.

The maximum credit amount is $500 for each dependent who meets certain conditions. This credit can be claimed for: Dependents of any age, including those who are age 18 or older. Dependents who have Social Security numbers or Individual Taxpayer Identification numbers.