- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 25, 2025
6:42 PM
998 Views