Page 42 - Avoid False Claims

CHANGES THAT M AY

AFFECT YOUR TAX REFUND

- Life events, such as purchasing a home, going to college or losing
a job, may make you eligible for certain tax benefits. Other

circumstances, such as getting married or divorced, welcoming a

child or experiencing the death of a spouse or a dependent you

claim, could also affect your tax benefit eligibility and filing

status. These changes could mean you qualify for tax credits like
the Child Tax Credit (CTC),the Earned Income Tax Credit (EITC)

and the Child and Dependent Care Credit.

- For 2023, the CTC is worth $2,000 for each qualifying child. A child

must be under age 17 at the end of 2023 to be a qualifying child.

- For the EITC, eligible taxpayers with no qualifying children may
get $600 for the 2023 tax year.

- For the Child and Dependent Care Credit, taxpayers may receive

up to 35% of their employment expenses. Visit Credits and

Deductions for more details.

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