Paul and Marie are married with two dependent children. They will file a joint Form 1040 for the year. The children are qualifying children for purposes of the child tax credit. Paul and Marie's MAGI is $112,000, and their tax liability is $6,200. Based on this information, Paul and Marie:
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Are not eligible for the maximum credit and can use the child tax credit worksheet in the Form 1040 instructions to figure their child tax credit |
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Will have to use Publication 972 to figure their child tax credit |
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Are eligible to claim a full child tax credit |
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Are not eligible to claim any amount for the child tax credit |
