Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his wife.

What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2021 for his daughters under each of the following alternative situations?

a. His AGI is $109,200.

b. His AGI is $427,800.

c. His AGI is $427,800, and his daughters are ages 10 and 12.

EXHIBIT 3-8 Child Tax Credit Phase-Out Threshold Filing Status Married filing jointly Married filing separately Head of household and single Phase-Out Threshold $400.000 200,000 200,000