Which of the following taxpayers (all of whom have one qualifying child for purposes of the...
Which of the following taxpayers (all of whom have one qualifying child for purposes of the child tax credit) are able to claim the full $2,000 child tax credit as a nonrefundable credit on their return?
Choose one answer.
| a. Nina, who files as Head of Householder with a modified AGI of $30,000 and a tax liability of $800 | ||
| b. Sheila, who files as married filing separately with a modified AGI of $220,000 and a tax liability of $4,000 | ||
| c. Kevin, who files as single with a modified AGI of $70,000 and a tax liability of $7,500 | ||
| d. Mac and June, who file as married filing jointly with a modified AGI of $430,000 and a tax liability of $20,000 |
Homework Answers
option C is correct because his MAGI is not affected by the threshold limit for his single filing status. In addition, his tax liability of $7,500 is more than the amount of $2,000 per child for the credit.
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