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Which if the following is not true regarding the child tax credit? a. The child tax credit can be claimed for a child age 18.
Which if the following is not true regarding the child tax credit?
a. | The child tax credit can be claimed for a child age 18. | |
b. | Before any AGI phase-out, a child tax credit of $2,000 can be claimed for a child age 4. | |
c. | Taxpayers must reduce the credit for each child by $50 for each $1,000 (or portion thereof) over the trigger AGI amount. | |
d. | The child tax credit is a refundable credit. |
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