Susan and Kyle are married and have two children ages 16 and 14.Their adjusted gross income for 2013 is $108,000.What amount can they claim for the child tax credit?

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Quizplus · Accepted Answer

For 2013, the child tax credit is $1,000 per qualifying child under the age of 17. Susan and Kyle have two qualifying children, so they can claim a total of $2,000. Their income does not exceed the phase-out threshold for married couples filing jointly, which starts at $110,000, so they can claim the full credit.

Susan and Kyle Are Married and Have Two Children Ages