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Level 7
October 28, 2021
Solved

Advance child tax credit

  • October 28, 2021
  • 2 replies
  • 11 views

Is the income limit for Head of Household $400,000? My client just sold an asset and will exceed AGI of $400K. Will he have to return the advance child credits?

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Best answer by Just-Lisa-Now-
Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k

2 replies

Accountant-Man
Level 13
October 28, 2021

Won't the extra income just reduce his refund or increase his tax due?

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Just-Lisa-Now-
Intuit Community Champion
October 28, 2021
Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k
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