Miguel and Katrina have 2 children under age 17, have earned income of $75,000. Miguel’s father...
Miguel and Katrina have 2 children under age 17, have earned
income of $75,000. Miguel’s father lives with them and is
considered a dependent. What amount can they claim as a child
credit.
$______
Homework Answers
As per the US Tax law, credit up to $2000 per child under the age of 17 would be allowed to the parents.
Keeping in mind the above law, we can conclude that Miguel and Katrine, would be entitled to avail the benefit of Child Tax credit of $ 4,000 in total.
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Miguel and Katrina have 2 children under age 17, have earned
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