TaxPandaCPA
Level 4
‎02-19-2024 06:37 AM

Dear Community, 

 

I have a client filing with three kids, age 16, 14 and 11, total credit on Proconnect is 4450.

Did I missed anything or her credit phased out due to income limit? AGI230k12.png

 

Thank you!

Hope it helps. Thank you in advance for marking mine as your "BEST answer"!
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Terry53029
Level 15
Level 15
‎02-19-2024 10:05 AM

Phase out starts at $200,000 (MFJ $400,000) also it is nonrefundable

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