Howard is single and has a son age 15. Howard's adjusted gross income for 2014 is $80,000. What amount can he claim for the child tax credit?

Question

Quizplus · Accepted Answer

The child tax credit is $1,000 per qualifying child. Howard's son is 15 and therefore qualifies. Howard's AGI is $80,000, which is below the phase-out income limit for the child tax credit. Therefore, Howard can claim the full $1,000 child tax credit.

Howard Is Single and Has a Son Age 15