hmcuesta
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Is there an income phase-out that causes my 16 year old not to qualify for the child tax credit?

 

Deductions & credits

Additionally, the child must be under the age of 17 on the last day of the year, 12/31/2017.

Deductions & credits

Yes.

In 2017, the phase out threshold is $55,000 for married couples filing separately; $75,000 for single, head of household, and qualifying widow or widower filers; and $110,000 for married couples filing jointly. For each $1,000 of income above the threshold, your available child tax credit is reduced by $50.

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