John and Mary have three children: Aaron (age 14), Anna (age 16), and Tammy (age 21). Anna works after school and earned $4,000 in 2018. Tammy works 30 hours per week and is a part-time student at the local community college earning $8,400 in 2018. If John and Mary's AGI in 2018 is $200,000, how much can they claim on their joint tax return for the child tax credit?

Question

Quizplus · Accepted Answer

The child tax credit is available for children under the age of 17. Aaron and Anna qualify, but Tammy does not because she is over 17. The credit is $2,000 per qualifying child, so they can claim $4,000 for Aaron and Anna.

John and Mary Have Three Children: Aaron (Age 14), Anna