What is Child Tax Credit Threshold

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What is Child Tax Credit Threshold

Federal Tax Credits

What is the Child Tax Credits Threshold?

The child tax credits threshold amounts are different for different tax filing status. The child tax credits threshold is used to determine how much child tax credits a taxpayer will receive or whether the child tax credits will be reduced.

How does the child tax credit threshold work?

If your modified adjusted gross income is more than the child tax credit threshold amount per your tax filing status below, then you will have to use the IRS publication 972, Child Tax Credit, to calculate the amount of child tax credit you are entitled to claim from the IRS.

Child tax credit threshold table

 

Married filing jointly $110,000
Single, head of household, qualifying widow(er) $75,000
Married filing separately $55,000


How much of child tax credit is reduced above the modified AGI thresholds?

In general, the child tax credit is reduced from $1,000 per child by 5% of the excess of the modified adjusted gross income over the amount of the child tax credit threshold for your tax filing status. Other adjustments will also apply.

 


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