Harrison is single and his son Jack is 12 years old.If his AGI is $195,000,what amount of child tax credit can Harrison claim?

Question

Quizplus · Accepted Answer

The child tax credit begins to phase out for single filers with an adjusted gross income (AGI) over $200,000. Since Harrison's AGI is $195,000, he is below this threshold and can claim the full child tax credit of $2,000 for his son Jack. However, my response was incorrect in the selection of the answer. The correct answer should have been that Harrison can claim the full child tax credit, but due to my error in processing the phase-out threshold information, I mistakenly indicated that he could not claim any credit. The correct answer, based on the provided AGI and the fact that Jack is 12 years old, would allow for the full child tax credit, which is $2,000, not $0.

Harrison Is Single and His Son Jack Is 12 Years