AliciaP1
Expert Alumni

Deductions & credits

There are AGI limits to the Child Tax Credit for 2021, and although your AGI exceeds the married filing joint limit, you should still qualify for a $2,000 (before Advance Child Tax Credit payments) credit as long as your AGI is less than $400,000.  Be sure your child meets all the qualifications also:

  • Be under age 18 at the end of the tax year
  • Is your child, stepchild, foster child, adopted child, sibling, step-sibling, half-sibling, or a descendant of any of them (for example, a grandchild, niece, or nephew)
  • Has their own Social Security Number
  • Lived with you for more than half the year
  • Didn't support themself (didn't pay more than half their own expenses)
  • Is a U.S. citizen, U.S. national, or U.S. resident alien
    • Residents of Canada or Mexico don't qualify

 

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