ALL dependents qualify for the credit for other dependents. This is new in 2018 and is a $500 credit for anyone you can claim as a dependent regardless of age. Between this new credit, the increased standard deduction, and lower marginal rates, most taxpayers will have a lower overall liability this year. Obviously, with any change in tax law, some will be negatively affected; you may well be one of those. It isn’t as many as you think though.
What’s name of this 500 credit. First I have heard of it?