Parents with Earned Income of 166,422 and 2 children ages 14 and 15. I thought that they would get a Child Tax Credit of 6,000 for the 2 children. On line 5 of Schedule 8812, the amount is limited to 5,150. Can anyone tell me why the credit is not the 6,000.
This information was very helpful and explained with higher income that the credit was limited. I knew why my couple was not getting the 3,000 for each child, but I was getting a different amount than my software was showing and I was not sure why. This information explained it. Thanks again.
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