The Child Tax Credit is reduced if your Adjusted Gross Income exceeds: $400,000 if married and filing a joint return; or $200,000 for all other filing statuses.The second phaseout reduces the Child Tax Credit by $50 for each $1,000 (or fraction thereof) by which your modified AGI exceeds the income threshold described above that is applicable to you. Irs.gov

Question

I’m claiming two children as dependents, and only getting 255$ in CTC. I should be getting 4k

Forum|Forum|3 years ago
January 30, 2023
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MayaD

The Child Tax Credit is reduced if your Adjusted Gross Income exceeds:

$400,000 if married and filing a joint return; or
$200,000 for all other filing statuses.

The second phaseout reduces the Child Tax Credit by $50 for each $1,000 (or fraction thereof) by which your modified AGI exceeds the income threshold described above that is applicable to you. Irs.gov

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