Tax Cut and Jobs Act (TCJA) | Non-Child Dependents | Tax Attorney Lexington, KY

Temporary Credit for Non-Child Dependents

The Tax Cut and Jobs Act (TCJA) allows a new $500 nonrefundable credit for dependents who do not qualify for the child tax credit.

Under the new law, parents will be able to take a $500 credit for each non-child dependent they are supporting. This would include a child age 17 or older, an ailing elderly parent or an adult child with a disability. It is temporary because it is set to expire at the end of 2025 along with the other individual provisions.

For more information about the TCJA’s provisions, visit our main informational page here. For help with your tax questions or concerns, call Gayheart and Campbell, PLLC at 859-276-6193 or request a consultation here.