2024 Child Tax Credit Income Limits - Qualifying for $4,200?
Does anyone know exactly how much income you need to qualify for the full $4,200 child tax credit in 2024? I keep seeing different answers online. Single parent with one kid here trying to figure out if I qualify.
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Logan Greenburg
Tax pro here. For 2024, the enhanced Child Tax Credit income thresholds are: Single filers phase out starts at $118,000, and married filing jointly at $170,000. You need to have earned at least $2,500 to qualify. The credit is fully refundable up to $4,200 per qualifying child under 6, and $3,000 for children 6-17.
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Angelica Smith
•Thanks! So if I make 45k a year, I should get the full amount?
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Logan Greenburg
•Yes, at 45k you'll qualify for the full amount, assuming your child meets the age requirements.
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Charlotte Jones
Hey everyone, I've been using taxr.ai to figure out all my tax credit eligibility stuff. It costs $4.99 but totally worth it - uploads your transcript and tells you exactly what you qualify for and any potential issues. Way better than playing guessing games online tbh https://taxr.ai
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Lucas Bey
•Does it really work? Sounds too good to be true 🤔
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Charlotte Jones
•100% legit! It analyzed my whole transcript in like 2 mins and showed me credits I didn't even know I qualified for 💯
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Harper Thompson
•Just tried it myself and wow... saved me hours of research and stress
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Caleb Stark
im in the same boat rn...single mom making about 30k and stressed about getting this right 😩
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Jade O'Malley
•You'll def qualify at 30k sis 💅 get that bag
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Hunter Edmunds
make sure ur kid has a valid SSN tho! thats super important
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Ella Lewis
anyone else notice how complicated they make this stuff on purpose? like why cant they just make it simple smh 🤡
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Andrew Pinnock
•fr fr its like they want us to mess up
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Brianna Schmidt
•THIS. Its literally designed to confuse us
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Alexis Renard
Heads up - dont forget about the state credits too! Some states give extra $$ on top of the federal amount
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Angelica Smith
•wait what?? which states do this???
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Alexis Renard
•Depends where ur at but like CA, NY, and MD have their own credits
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