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Level 2
March 12, 2022
Question

Incorrect Child Tax Credit (8812, Line 5

  • March 12, 2022
  • 2 replies
  • 8 views

Hi All, 

The child is US citizen , 4 year old. I expect the child tax credit to be $3600.  However Proseries shows $2000 on line 5, form 8812. 

The proseries software is upto date.  Has anyone found a solution for this ?

-Deepak

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2 replies

taxiowa
Level 8
March 12, 2022

The tax credit is limited if over $75,000 for singles and $150,000 for married jointly.  The deduction becomes only $2,000 after reaching those limits.

Level 15
March 12, 2022
sahoo6meAuthor
Level 2
March 12, 2022

Thanks for the help! Income was > 150K.