Child-Related Tax Changes | |
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Adoption Benefits Increased For 2008 and 2009, the maximum adoption credit and maximum exclusion from income under your employer’s adoption assistance program have increased. Child's Investment Income For 2008, new rules apply for children between the ages of 18 and 23 with investment income. The taxable investment income amount has increased for 2008 and 2009. Definition of Qualifying Child Revised For 2009, changes have been made to the definition of a qualifying child. Earned Income for Additional Child Tax Credit The amount your earned income must exceed to claim the additional child tax credit has decreased for 2008 and 2009. |
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Page Last Reviewed or Updated: May 05, 2009