Problem 13-37 (LO. 4) In 2021, Joshua and Ellen are married and file a joint return. Three individuals qualify as their dependents: their two children, ages 5 years and 6 months, and Ellen's son from a previous marriage, age 19. All parties are U.S. citizens. Joshua and Ellen's combined AGI is $68,000. Which children are "qualifying children" for the purposes of the child tax credit? Only the two young children, ages 5 years and 6 months Joshua and Ellen's child tax credit is s 4,000 X and dependent tax credit is $ 5,500 x. Feedback Check My Work The child tax credit provisions allow individual taxpayers to take a tax credit based solely on the number of their qualifying children. This credit is one of several "family-friendly" provisions that currently are part of our tax law. The child tax credit phases out as AGI exceeds a certain threshold and the credit is partially refundable