Answered: Advance child tax credit

Greta · ‎10-27-2021

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?

Just-Lisa-Now- · ‎10-27-2021

Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k

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Accountant-Man · ‎10-27-2021

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

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Just-Lisa-Now- · ‎10-27-2021

Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Advance child tax credit

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