pg 141 Of Tom Copeland's Tax Workbook

[Daycarefamily]

Says the child tax credit phases out under 2017 levels but it has been increased for 2018.

[TomCopeland]

Child tax credit

Says the child tax credit phases out under 2017 levels but it has been increased for 2018.

Both are true. If you make more than $110,000 married filing jointly, the $2000 tax credit will be reduced by $50 for every $1,000 of income above this amount.

[Daycarefamily]

So the 2017 phaseouts do apply in 2018!! There is alot of bad information online. Some online sites are saying that 2018 phaseouts are $400k for married filing jointly. Thanks you for the clarification!

[TomCopeland]

child care tax credit

So the 2017 phaseouts do apply in 2018!! There is alot of bad information online. Some online sites are saying that 2018 phaseouts are $400k for married filing jointly. Thanks you for the clarification!

Actually, now that I looked at this closer I was wrong! The credit for 2018 starts to phaseout out at $400,000 for married filing jointly and $200,000 for single. So, you were right! I got it wrong in my book. Sorry.

[Daycarefamily]

So then it is $400k. Thank you for clearing that up.