Remington is single and files using the head of household filing status. His AGI is $95,000. He has two qualifying children: Serenity, age 6, and Penelope, age 17. What is the amount of Remington's 2021 Child Tax Credit (CTC)?

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Tundexi Tundexi · Answer 1 · 2022-01-04T13:48:51+01:00

The amount of Remington's Child tax credit will be $6,000.

The Child Tax Credit is a program which help parent to reduce their Federal tax owe through each qualifying child under the age of 17.

Since his Adjusted gross income (AGI) is $95,000, then, the child tax credit for the children age (6 to 17) will be $3,000

For the 2 qualifying children:

Child tax credit = $3,000 + $3,000

Child tax credit = $6,000

Therefore, the Option C is correct because the amount of Remington's Child tax credit will be $6,000.

Missing options includes "$3,000, $3,600, $6,000, $6,600"