Question

Robin files as head of household and has three children who reside in her home all year. her children are ages 12, 15 and 16. robin and all the children are u. s. citizens. robin provided more than half of all her children’s support and she will claim all the children on her federal income tax return. robin’s modified agi is $85,700 and her tax is $15,748. how much child tax credit is robin allowed in 2017?

Answer 1

The limit for Head of Household AGI is $75,000 in 2017. For every $1000 over that her child tax credit will reduce by $50. WIth the standard bring $1000 per child she could expect to receive $2500 in child tax credit.