What is the Credit for Other Dependents ("Family Tax Credit")?

Per the IRS, taxpayers with dependents who don't qualify for the Child Tax Credit may be able to claim the Credit for Other Dependents. This is a non-refundable credit. It can reduce or, in some cases, eliminate a tax bill but the IRS cannot refund the taxpayer any portion of the credit that may be left over.

The Credit for Other Dependents may be claimed for:

The credit is effective until 2025. The credit begins to phase out when the taxpayer’s income is more than $200,000. For married couples filing a joint tax return, this phaseout begins at $400,000.

The maximum amount for the credit is $500 in 2023 for each qualifying dependent.

Please refer to the Does My Child/Dependent Qualify for the Child Tax Credit or the Credit for Other Dependents? IRS tool for more information.

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