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ReadHow does President Trump’s new tax bill affect the Child Tax Credit (CTC) for dependents 17 and older?
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Start filingThe Republican tax bill, the Tax Cuts and Jobs Act, lets parents take a $500 credit for dependents who are 17 or older. This also applies to other non-child dependents, such as elderly family members or adult children with disabilities. The credit is non-refundable.
Remember: These changes go into effect beginning with the 2018 tax year.
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