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    Advance child tax credit

    Greta
    Level 9
    ‎10-27-2021 07:58 PM

    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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    1 Best Answer

    Accepted Solutions
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎10-27-2021 08:39 PM
    Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

    View solution in original post

    2 Comments 2
    Accountant-Man
    Level 13
    ‎10-27-2021 08:17 PM

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

    ** I'm still a champion... of the world! Even without The Lounge.
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎10-27-2021 08:39 PM
    Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪






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