Question

Which of the following statements is false? A. The maximum nonrefundable amount of the child tax credit is $2,000 per qualifying child. B. The maximum nonrefundable amount of the credit for other dependents is $500 per qualifying dependent. C. The amount of the refundable additional child tax credit is limited to $1,400 per qualifying child. D. Children with an ITIN qualify for the child tax credit and the additional child tax credit.

Answer 1

Children with an ITIN qualify for the child tax credit and the additional child tax credit.

Step-by-step explanation:

All the options are correct except for the above. It is not the ITIN that is required, and it is the SSN, which is required. The child must have SSN to qualify for the child tax credit and the additional tax credit. We know them as the CTC and the ACTC. And hence, make sure that your child has the SSN or else, you will not be entertained by the government on this behalf.

The maximum nonrefundable dollars about the child tax credit is $2000 per child, but for only children who qualify. And the dependent who qualifies has the maximum no refundable amount of the credit which is around $250. Also, the refundable child tax credit is around $1400 for each child. And hence all the other points are correct.