Calcualtion the child tax credit for the following taxpayers A jenny is a single
ID: 2487278 • Letter: C
Question
Calcualtion the child tax credit for the following taxpayersA jenny is a single (head of household) father with 80100 of agi and has a dependent 8 year old son $
Jerry and ann have $100,000 of agi fill jointly and claim two dependent preschool children $
James and apple have agi of 118700 file hointly and claim two depentent children (Ages 7and10) $
Calcualtion the child tax credit for the following taxpayers
A jenny is a single (head of household) father with 80100 of agi and has a dependent 8 year old son $
Jerry and ann have $100,000 of agi fill jointly and claim two dependent preschool children $
James and apple have agi of 118700 file hointly and claim two depentent children (Ages 7and10) $
A jenny is a single (head of household) father with 80100 of agi and has a dependent 8 year old son $
Jerry and ann have $100,000 of agi fill jointly and claim two dependent preschool children $
James and apple have agi of 118700 file hointly and claim two depentent children (Ages 7and10) $
Explanation / Answer
AS JENNY'S AGI IS ABOVE THE SINGLE FILLING RETURN I;E ABOVE $75000, JENNY WILL GET CHILD TAX CREDIT OF $1000 PER CHILD.
AS JENNY HAS ONE CHILD HIS TAX CREDIT IS $1000
JERRY AND ANN FILL JOINTLY AGI LIMIT FOR JOINT FILLING IS $110000, AS THEIR AGI IS BELOW THE PRESCRIBED LIMIT, THEY WILL NOT GET ANY CHILD TAX CREDIT.
JAMES AND APPLE HAVE AGI OF $118700 AND FILLING JOINTLY, IT IS ABOVE THE PRESCRIBED LIMIT FOR JOINT FILLING RETURN I;E $110000, SO THEY WILL GETY CREDIT OF $1000 PER CHILD.
AS THEY HAVE TWO CHILDREN AND THAT TO BELOW 17 YEARS THEY WILL GET CREDIT OF $2000