Mr. and Mrs. Lansing, who file a joint tax return, have four dependent children under age 17. Which of the following statements is false?

Question

Quizplus · Accepted Answer

The child tax credit phases out at higher income levels, but the specific amounts given in the choices are consistent with the rules governing the child tax credit, including phase-out thresholds and credit amounts per child, assuming the tax laws in place as of the last update. Therefore, without specific contradictory information, none of the statements are necessarily false.

Mr and Mrs