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hmcuesta
New Member

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

 
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Accepted Solutions
SweetieJean
Level 15

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

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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2 Replies
DoninGA
Level 15

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

Additionally, the child must be under the age of 17 on the last day of the year, 12/31/2017.
SweetieJean
Level 15

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

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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