In 2019, George and Martha are married and file a joint tax return claiming their two children, ages 10 and 8 as dependents.Assuming their AGI is $119,650, George and Martha's child tax credit is:
A)$0.
B)$2,000.
C)$3,000.
D)$4,000.

Question

Quizplus · Accepted Answer

The Child Tax Credit for 2019 is $2,000 per qualifying child, so with two children, George and Martha would be eligible for a total of $4,000, assuming their AGI does not phase them out of eligibility. Their AGI of $119,650 is below the phase-out threshold for married filing jointly, which started at $400,000 in 2019.

In 2019, George and Martha Are Married and File a Joint