If you make more than the maximum income to qualify for the full amount, your tax credit will be reduced by $50 for each $1,000 your income exceeds the maximum until the credit amount reaches $2,000.
The thresholds:
To qualify for the full tax credit, filers must make less than $75,000 if filing alone, less than $150,000 if filing jointly as a married couple and less than $112,500 for "head of household" filers, such as unmarried single parents.
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