In 2017,the child tax credit available to married taxpayers filing jointly is phased out,beginning at:

Question

Quizplus · Accepted Answer

According to IRS guidelines, the phase-out for the child tax credit begins at a modified adjusted gross income (MAGI) of $110,000 for married couples filing jointly in 2017. This means that for every $1,000 of income above $110,000, the child tax credit is reduced by $50. Therefore, the best choice is D.

In 2017,the Child Tax Credit Available to Married Taxpayers Filing