Is the settlement taxable?

Jan 21, 2025 ... Either Richard or Pauline can claim this amount on line 33099 of their tax return (Step 5 – Federal tax). Since Rob is over 18, his medical ... Jan 27, 2025 ... When filing taxes for 2024, families can claim this tax credit worth up to $2,000 for each qualifying child under 17 years old. In the event of miscarriage or stillbirth, is claiming a deceased dependent on your tax return allowed? · How do I claim the unborn dependent exemption? · How ... Feb 8, 2022 ... Will advance monthly CTC payments, or any CTC I claim on my tax return, reduce my Social Security or SSI benefits? Advance monthly CTC ... To request a refund of the of the motor fuel tax increase for fuel used for highway purposes, you will need to complete Form 4923-H. Motor fuel is considered to ... Even people who don't owe any tax can claim these credits if they file a return. ... I released my dependent to another parent so they could claim the tax ... After 2025, the CTC is scheduled to revert to its pre-TCJA form. At that point, taxpayers will be able to claim a credit of up to $1,000 for each child under ... Qualifying relatives can include children who do not meet the Qualifying Child Age Test, other relatives (for example, parents, grandparents, uncles, aunts, and ... Filed a federal tax return the year before they claim the credit. Eligible to ... How does combat pay affect my Working Families Tax Credit eligibility? Feb 14, 2022 ... Eligible families that did not receive advance payments can claim the full credit amount when they file a 2021 tax return. “We know that ...