Santiago and Amy are married and file a joint tax return claiming their three children, ages...

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Santiago and Amy are married and file a joint tax return claiming their three children, ages...

Santiago and Amy are married and file a joint tax return claiming their three children, ages 7, 14, and 22, as dependents. Their AGI is $128,000.

Santiago and Amy's child tax credit for 2019 is $ ?

and dependent tax credit is $. ?

business accounting

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Answer 1

Answer #1

The child tax credit can be claimed only for two children since as per act the child needs to be upto 16 year age.And only these two qualifies for such limit.

The child tax credit will be = $2000*2= $4000

The married couple tax credit = $10000

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Answer 2

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