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What is the phase out for claiming the child tax credit if married?

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I pay an in home person to care for my child.Also EVERY OTHER YR i can claim my oldest from prev. marriage., and pay babysitter for him during the summer.
asked 4 weeks ago in IRS by SteveTheMan (28,020 points)
    

3 Answers

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As long as you make less than 110,000 you can take the full 1000 dollar child tax credit. After that it goes down a little at a time.
answered 4 weeks ago by HealthInsurance101 (28,800 points)
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Child Tax Credit or Dependent Care Credit.  They are different animals and it sounds like you are talking about the Dependent Care Credit.  

There is no income phaseout for the Dependent Care Credit.
answered 4 weeks ago by SteveTheMan (28,020 points)
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The percentage or expenses allowed as a credit goes down with income, but there isn't a phase-out - lowest % is 20% which is for AGI of $43K and up.

Maximum amount you can count for credit is $3000 for one child, $6000 for two or more.  So if your income is over $43K, the maximum credit for one child would be 20% of $3K, or $600.
answered 4 weeks ago by LasikSurgery (27,700 points)

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