RUMOR: The 14th Amendment guarantees citizenship to children born to parents illegally in the U.S. Critics argue that automatic birthright citizenship could be changed by revoking the statute. Others say it would require a constitutional amendment because they believe the 14th Amendment requires birthright citizenship.
Answer: Each child can only be claimed as a dependent by one parent (except when married couples file taxes jointly). Typically, in the case of divorced, separated, or never married parents, it is the custodial parent who is legally able to claim a child as a dependent for tax purposes.
Here are the Rules for Claiming the Child Tax Credit. By Bonnie Lee Published February 27, 2014 Lifestyle and Budget FOXBusiness. Hereâs some good news for parents of children under age of 17: theyâll save you money at tax time. The Child Tax Credit, which can be worth as much as $1,000 per qualifying child depending upon a parentâs income, was made permanent with the passage of the American Taxpayer Relief Act of 2012 (ATRA).