Child tax credit with the phase-out. The reduction steps by fifty dollars per thousand of income above the threshold, and the step is applied to a rounded-up count, so a single dollar of extra income can cost fifty.
Also called: ctc calculator, child credit phase out.
$3,500.00 after a phase-out of $500.00. The full credit would be $4,000.00, reduced by 50 dollars for every 1,000 of income above 200,000. Up to $3,400.00 is refundable, so it can exceed your tax liability.
Computed from the published rates for the tax year you selected, which is not necessarily the current year. A calculation, not tax advice, and it does not know anything about your circumstances beyond the figures entered.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for United States change on a published schedule; the effective date is shown on every rule-based tool.
The credit is a flat amount per qualifying child plus a smaller amount per other dependent. Above the income threshold it falls by fifty dollars for each thousand or part thousand, which means the reduction steps rather than sliding: earning one dollar past a thousand boundary costs the full fifty. Part of the credit is refundable, so it can produce a refund beyond your tax liability, unlike a purely non-refundable credit.
the credit falls by 50 dollars per 1,000 of income above the threshold, rounded upEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Total credit$3,500.00
10 steps of 50 dollars
Open this exampleTotal credit$4,000.00
boundary
Open this exampleTotal credit$0.00
degenerate case
Open this exampleFormula version 1.0.0 · definition 1.0.0 · United States · Report a problem with this calculator