How come my child tax credits have been reduced

  1. profile image47
    maria123famposted 7 years ago

    How come my child tax credits have been reduced

  2. istephan profile image57
    istephanposted 7 years ago

    The child tax credit is worth up to $1,000 per child under the age of 17. In order to qualify for the child tax credit, the taxpayer must be able to claim the child as a dependent. Be aware that there are additional criteria for the child tax credit; not all dependents will qualify. For some taxpayers, utilizing the child tax credit can reduce their federal income tax liability to zero.

  3. Mark C Middleton profile image63
    Mark C Middletonposted 7 years ago

    Assuming your dependent qualifies for the Child Tax Credit, that credit of $1,000 is reduced, or phased out, if your Adjusted Gross Income (AGI) exceeds $110,000 for Married and $75,000 for single.  That phase-out will reduce the credit to 0 depending on how much over the limit your AGI is.