Question

Justin case

Mark for follow up Question 30 of 75, Which of these is NOT a potential trigger for calculating the Additional Child Tax Credi O The taxpayer's modified adjusted gross income exceeds$ O The taxpayer has a balance due on their return. O The taxpayer has three or more qualifying children. Due to tax liability limits, the taxpayer did not receive the maximum Child Tax Credit for which they were eigt、 □ Mark for follow up

Answer 1

30)Answer- Due to tax liability limits, the taxpayer did not receive the Maximum Child tax Credit for which they were Eligible.

Explanation-.

• Child Tax Credit (CTC) is a tax reduction, not necessarily a refund.
• You need to have more than 3 Children.
• Child Tax Credit entitlement is $3,000
• if you owed $3,001 in taxes, the credit would be applied and you’d only owe the IRS $1. If you didn’t owe the IRS anything, the Child Tax Credit would have no effect at all because there's no tax to be reduced.