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All of the following statements regarding the 2022 Additional Child Tax Credit are correct, EXCEPT? The Additional Child Tax Credit is a refundable credit. The
All of the following statements regarding the 2022 Additional Child Tax Credit are correct, EXCEPT?
- The Additional Child Tax Credit is a refundable credit.
- The Additional Child Tax Credit is a nonrefundable credit.
- Taxpayers must have an earned income of at least $2,500 to qualify.
- The maximum Additional Child Tax Credit is $1,500.
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