Little children on background of painting rainbow on window

Don’t miss out on federal dependent benefits

Related topics

EY TaxChat™ can help you determine which dependent benefits you qualify for on your tax returns.

Don’t let snapping your child’s photo be the only thing to bring a smile to your face. Read below for a snapshot of several federal dependent tax benefits that may be available to you. Here are a few to consider:

Child Tax Credit: The temporarily expanded child tax credit in 2021 by the American Rescue Plan has expired. For tax year 2022, the credit will return to $2,000 per qualified child under age 16. The child tax credit is refundable up to $1,500, dependent upon your income level. 

Credit for Other Dependents: Up to $500 for each eligible dependent who can’t be claimed for the Child Tax Credit.

Credit for Child and Dependent Care Expenses: Up to $3,000 of qualified care expenses (refer to IRS Pub. 503 for a complete listing of qualified care expenses) per eligible child or dependent ($6,000 maximum for two or more eligible children or dependents) to calculate the credit, ranging, up to 35%.

Medical Expense Deduction: For those who itemize deductions, qualified medical expenses incurred by you, your spouse and dependents that exceed 7.5% of your adjusted gross income.

Adoption Benefits: Adoption Credit up to $14,890 per eligible child for qualified adoption expenses paid. If you received employer-provided adoption assistance as a taxable benefit, you may be eligible to exclude these benefits, up to $14,890 from your income.

Things to note when claiming a child as dependent when parents are divorced, separated or live apart:

  • Only one person can claim the tax benefits related to a dependent child who meets the qualifying child rules. Parents can’t share or split up the tax benefits for their child on their respective tax returns.
  • Custodial parents generally claim the qualifying child as a dependent on their return. If the child lived with each parent for an equal number of nights during the year, the custodial parent is the parent with the higher adjusted gross income.
  • Noncustodial parents may be eligible to claim a qualifying child. The custodial parent can release the dependency exemption and sign a written declaration or Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent for the noncustodial parent to submit with their tax return.

About EY TaxChat™

EY TaxChat is an on-demand mobile service that connects you with a licensed tax professional who will prepare your taxes and file them for you. Click here to learn more and register for EY TaxChat at any time, from anywhere, or by downloading the app from the Apple App Store or GooglePlay Store. 

This information is provided solely for educational purposes; it does not take into account any specific individual or entity’s facts and circumstances.  It is not intended, and should not be relied upon, as tax, accounting or legal advice. Ernst & Young LLP expressly disclaims any liability in connection with the use of this presentation or its contents by any third party. Neither EY nor any member firm thereof shall bear any responsibility whatsoever for the content, accuracy or security of any third-party websites referenced.


As your family grows and circumstances change, so, too, do your taxes. As a new parent, the last thing you’re likely thinking of are filing your 2022 tax returns - EY TaxChat™ can help.

About this article

Related articles