Question
Jack and Carolyn have three children ages five, nine, and 18. Their modified AGI is $85,000 on their joint tax return. Their tax liability is
Jack and Carolyn have three children ages five, nine, and 18. Their modified AGI is $85,000 on their joint tax return. Their tax liability is $6,684. What is the amount of their child tax credit/credit for other dependents (assuming they otherwise qualify for these credits) for tax year 2022?
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The Child Tax Credit and Credit for Other Dependents are two separate credits Lets calculate each on...
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Fundamentals Of Taxation 2022
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
15th
1264209401, 9781264209408
