Do you know how the Expanded Child Tax Credit for 2011 works? Here is some help information on who is a dependent and how much you can deduct. Dependent status depends on age and how long they lived at home during the year. If your credit is more than the income tax you owe you may be able to get additional credit. There are also credits available if you adopted a child and even if you don’t have to pay taxes you will get money.
If you have a child in college you may be able to deduct some of the tuition cost and school expenses. One program is called the American Opportunity Credit and the other is tuition deduction. For more details see our post Expanded Child Tax Credit 2011