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Returning Member
posted Jan 3, 2020 3:23:34 PM

Can i claim any dependents in 2019/2020 if my joint earning exceeds 400K

Hi, can i claim any dependents in 2019/2020 if my joint earning exceeds 400K

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1 Replies
Level 15
Jan 3, 2020 3:49:28 PM

You can claim your dependents but if you made over $440,000 you will not receive any child tax credit.

 

The child tax credit is reduced by $50 for every $1000 of AGI over these limits:

Married filing jointly                $400,000    (CTC disappears at $440,000)

 

Single, Head of Household, Married Filing Separately or qualifying widower               $200,000  (CTC disappears at $240,000)

 

There are also income limits for education credits:

https://ttlc.intuit.com/questions/1901526-what-s-the-income-limit-for-the-american-opportunity-and-lifetime-learning-credits