The amount of income that reduces the $3,000 Child Tax Credit under the first phaseout depends on your family’s filing status. The first phaseout reduces the Child Tax Credit by $50 for each $1,000 (or fraction thereof) by which your modified AGI exceeds the income threshold described above that applies to you.Įxample: Your family has one 10-year-old qualifying child. $75,000 if you are a single filer or are married and filing a separate return.$112,500 if you are filing as head of household or. ![]()
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