Your Child-related tax credits are phased out could be because you make too much money.
The Child Tax Credit is reduced if your modified adjusted gross income (MAGI) is above certain amounts, which are determined by your tax-filing status.
- 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.
- Beginning in 2018, the phaseout of the credit begins with $200,000 in income ($400,000 for married filing jointly).
For more information, click here Child Tax Credit.
You can also consider our new product / features TurboTaxLive to file your 2019 taxes. Once you complete your taxes, before you file, you’ll be given the option for a final review of your return by one of our tax professionals. After they completed reviewing your return, they’ll inform you of any proposed changes.
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https://ttlc.intuit.com/replies/6071042
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