Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18, as dependents. Their AGI is $140,000.

Santiago and Amy's child tax credit for 2018 is

PS: The child tax credit is $2,000 per child, and the dependent tax credit is $500 per non-child dependent. The child tax credit phases out as AGI exceeds $400,000 (married filing joint) or $200,000 (other taxpayers). The child tax credit is partially refundable (up to $1,400 per child, but no more than 15 percent of earned income in excess of $2,500). The dependent tax credit is not refundable.

To be eligible for these credits, the child must be under age 17, a U.S. citizen, and a dependent of the taxpayer.