10 Tax Credits for Single Parents

Child Tax Credit
If you're your kids' custodial parent, you can take the child tax credit for them. altrendo images/Stockbyte/ThinkStock

Kids are pricey. For single parents, it can be a struggle to handle the never-ending stream of expenses — and that's where the federal Child Tax Credit comes into play.

The Child Tax Credit can shave as much as $1,000 per child off your tax bill. And, if the credit exceeds the taxes you owe, a refund could be issued. Single parents filing as head of household in 2015 for the tax year 2014 must have a modified adjusted gross income of $75,000 or less to qualify for a full Child Tax Credit.

In addition, there are seven other criteria that must be met.

  • Age criteria: The child must under age 17 at the end of 2014.
  • Relationship criteria: The child must be your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister or legally adopted child.
  • Residence criteria: The child must have lived with you for more than half of 2014, with some exceptions, such as death or temporary absences.
  • Support criteria: You provided more than half of the child's support for 2014.
  • Dependent criteria: You claimed the child as a dependent on your tax return in 2014.
  • Citizenship criteria: Your child must be U.S. citizen. Alternatively, your child could be a U.S. national or U.S. resident alien and still qualify.
  • Joint return criteria: If your child is married, he or she can't file a joint return with a spouse only to claim a tax refund [source: Tax Credits for Working Families].