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What amount of child credit will trey be able to claim

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Question - 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? Use Exhibit 8-8.

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

a. His AGI is $107,300.

Amount of child tax credit ?

b. His AGI is $420,500.

Amount of child tax credit ?

Reference no: EM132868456

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