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Child deductions reduced by $100

Reduced by turbotax; reason stated income was too much
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Child deductions reduced by $100

This is what IRS says:
The child tax credit is reduced or eliminated if your adjusted gross income is above certain thresholds. The credit amount is reduced by $50 for each $1,000 (or fraction thereof) by which the taxpayer's modified adjusted gross income (AGI) exceeds the threshold amount. The threshold is: $110,000 on a joint return.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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4 Replies

Child deductions reduced by $100

what "child deductions" are you referring to?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Child deductions reduced by $100

The standard $2,000 deductions for my minor kids. Turbotax reduced one of my kids by $100

Child deductions reduced by $100

This is what IRS says:
The child tax credit is reduced or eliminated if your adjusted gross income is above certain thresholds. The credit amount is reduced by $50 for each $1,000 (or fraction thereof) by which the taxpayer's modified adjusted gross income (AGI) exceeds the threshold amount. The threshold is: $110,000 on a joint return.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Child deductions reduced by $100

<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tools/tax-tips/Family/Child-Tax-Credit/INF12004.html">https://turbot...>
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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