Question

the husseins reported $80,000 agi on their joint return. the couple has four dependent children: ahmet, age 19; belle, age 16; anne, age 11, and ali, age 8. compute the hussein's child tax credit.

Answer 1

Hussein is eligible for a $3,000 child tax credit.

What is the child tax credit?

A child tax credit (CTC) is a tax benefit provided by many nations to parents with dependent children. The credit is typically linked to the number of dependent children a taxpayer has and, in certain situations, the taxpayer's income level. Taxpayers with children under the age of 17 are eligible for the child tax credit.

Hussein's AGI on Joint return = $80,000

The age of their children are as follow:

Ahmet age = 19

Belle age =16

Anne age =11

Ali age =8

As per Child tax credit guidelines, The child tax credit is available to taxpayers who have children under the age of 17.

Therefore,

Hussein's 3 children are eligible for the Child tax credit.

So,

Child tax credit = $1,000 × 3

= $3,000

To learn more about the Child tax credit, click

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