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2. Rhianna and Jay are married filing jointly in 2020. They have four children who are considered qualifying children. The childrens ages are 6, 9,
2.
Rhianna and Jay are married filing jointly in 2020. They have four children who are considered qualifying children. The childrens ages are 6, 9, 16, and 18. Jays mother also lives with the family and qualifies as a dependent. Their AGI is $439,400. What amount of child and dependent tax credit may they claim on their 2020 tax return?
$2,000
$5,000
$7,000
$5,050
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