Darlene and Joseph are married and have two children ages 17 and 15. Their adjusted gross income for 2018 is $108,000. What total amount can they claim for the child tax credit plus the family tax credit?

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Quizplus · Accepted Answer

The child tax credit is worth up to $2,000 per qualifying child under the age of 17, and the family tax credit is worth up to $500 for each dependent who doesn't qualify for the child tax credit.

Since Darlene and Joseph have two children under the age of 17, they can claim a child tax credit of $4,000 (2 x $2,000). In addition, they can claim a family tax credit of $500 for each child, for a total of $1,000.

Therefore, their total tax credit amount is $5,000 ($4,000 for child tax credit + $1,000 for family tax credit).

Darlene and Joseph Are Married and Have Two Children Ages