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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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.
Income to high? Look at #4 at this link:
https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-t...
Thanks for the help! Income was > 150K.
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