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New Member
posted Oct 26, 2022 8:16:04 AM

What child deduction/credit income caps should I be aware of if I have some income control?

At the end of the year I have the ability to request my bonus be paid in December or January and fear we're bumping against some credit and/or deduction caps. My children are 2 and 5. What income limits should I be aware of for:

 

  • Dependent care credit
  • Child Tax Credit

Are there other income-capped credits or deductions I should keep in mind? If so, what are their limits?

0 1 340
1 Replies
Level 15
Oct 26, 2022 9:18:15 AM

You’re bumping up to both caps with an AGI over $400,000 if filing jointly.