"Neither of us will qualify for the earned income credit?"
That is correct.
"And the Child Tax Credit is reduced to half of the amount of a joint return."
That's not exactly correct. You get the full child tax credit (if you are the parent claiming the child as a dependent). But for higher income people, the reduction of the CTC (phase out) begins at half the income level ($55K) on a MFS return than a joint return ($110K)
