DawnC
Expert Alumni

Deductions & credits

The credit phases out once your income reaches a certain level.   You can get up to $2,000 for each child under age 17 if your modified adjusted gross income (AGI) is less than:

 

  • $400,000 if you're Married Filing Jointly
  • $200,000 for all other filing statuses

If your AGI is higher than that, the amount of Child Tax Credit you're eligible for is reduced by $50 for each $1,000 your modified AGI is above the income threshold.   For example, if you're Married Filing Jointly making $401,000, you’re eligible for a total credit of $1,950.   @lambs63 

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