Rhianna and Jay are married filing jointly in 2017.They have six children for whom they may claim the child tax credit.Their AGI was $123,440.What amount of child tax credit may they claim on their 2017 tax return?

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The child tax credit is $2,000 per qualifying child. Rhianna and Jay have six children, so they may claim a total of $12,000 in child tax credits. However, the child tax credit is phased out for taxpayers with AGIs above certain levels. For 2017, the phase-out begins at $110,000 for married couples filing jointly. Rhianna and Jay's AGI is $123,440, so their child tax credit is phased out by $2,000. This leaves them with a total child tax credit of $10,000.

Rhianna and Jay Are Married Filing Jointly in 2017