Asked Nov 26, 2019

Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife.

What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? 

EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold

Filing Status Phase-Out Threshold
Married filing jointly   $400,000
Married filing separately     200,000
Head of household and single     200,000

His AGI is $105,400.

Amount of child tax credit?


Expert Answer

Step 1

To qualify for child tax credit (CTC) child’s age must be below 17 years (e.g. 16 or younger).

2019, per child tax credit is $2,000...

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