In 2018, the child tax credit available to married taxpayers filing jointly is phased out, beginning at:

Question

Quizplus · Accepted Answer

According to the IRS, for the tax year 2018, the child tax credit begins to phase out for married taxpayers filing a joint return at $400,000 of modified adjusted gross income. This means that for each $1,000 of income above the threshold, the child tax credit is reduced by $50. Therefore, the best choice is D, $400,000.

In 2018, the Child Tax Credit Available to Married Taxpayers