@JumpinJohnny31 The second phaseout can reduce it to less than $2000 per child.
Q C2. Can my Child Tax Credit amount be reduced based on the amount of my 2021 income? (added June 1...
A2. Yes. The Child Tax Credit phases out in two different steps based on your modified adjusted gross income (AGI) in 2021.
The first phaseout can reduce the Child Tax Credit to $2,000 per child.
- That is, the first phaseout step can reduce only the $1,600 increase for qualifying children ages 5 and under, and the $1,000 increase for qualifying children ages 6 through 17, at the end of 2021.
The second phaseout can reduce the remaining Child Tax Credit below $2,000 per child.
For additional information on the amounts of modified AGI that reduce the 2021 Child Tax Credit, see Q C4 and Q C5, below.
https://www.irs.gov/credits-deductions/filing-season-2021-child-tax-credit-frequently-asked-question...
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