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Required information [ The following information applies to the questions displayed below. ] Trey has two dependents, his daughters, ages 1 4 and 1 8
Required information
The following information applies to the questions displayed below.
Trey has two dependents, his daughters, ages and at yearend. Trey files a joint return with his spouse.
What amount of child tax credit either as a child or a qualifying dependent will Trey be able to claim in for his daughters under each of the following alternative situations? Use Exhibit
His AGI is $ and his daughters are ages and
Answer is complete but not entirely correct.
Amount of child tax credit
EXHIBIT Child Tax Credit PhaseOut Threshold
tableFiling Status,PhaseOut ThresholdMarried filing jointly,$
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