Claim Child Tax Credit for families living abroad

Living abroad? Good news! US citizens can still claim the Child Tax Credit. How this helps your family save on expenses like food and education.

Image -  Pinterest

What is the Child Tax Credit?

The Child Tax Credit lowers your taxes and can even give refunds. Families with kids under 17 can claim up to $2,000 per child by 2025.

Image -  Pinterest

Who can Claim the Credit?

Your child is under 17. They live with you for over half the year. They’re a U.S. citizen with a Social Security number. You provide more than half their support.

Image -  Pinterest

Income Limits to Qualify

Joint filers: Income under $400,000. Other filers: Income under $200,000.

Image -  Pinterest

Special Tips for Families Abroad

– Claiming the Foreign Earned Income Exclusion (FEIE)? Refunds may be reduced. – Skip the FEIE? You can still claim the non-refundable portion.

Image -  Pinterest

Other Helpful Tax Credits

Child and Dependent Care Credit: Helps with childcare costs while you work. Earned Income Tax Credit (EITC): Low taxes for families with moderate incomes.

Image -  Pinterest

How to Claim Your Credit

File your tax return by April 15. List your child as a dependent with their Social Security number. Choose whether to claim the FEIE or the full credit.

Image -  Pinterest

Make the Most of Your Credit

Plan ahead, understand the rules, and explore other tax credits. Whether at home or abroad, the Child Tax Credit helps ease the cost of raising kids.

Image -  Pinterest

Read full article about US families living abroad can claim the Child Tax Credit.

Image -  Pinterest