Does turbo tax automatically pro-rate a dependents birthday when it comes to the disability benefit?
Your dependant's birthdate will not be "pro-rated" when claiming a Disability Tax Credit (DTC) transfer from a dependant.
The software will correctly calculate any credits available based on the information entered.
The amount of this federal tax credit is $8,113 for 2017, with a supplement of $4,732 available for taxpayers under 18 years of age, at the end of the year.
Dependants over 18 years of age qualify for the basic amount of $8,113 and must first use any of that credit to reduce their own tax payable to Zero before transferring.
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