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| - quote - > A couple I know have two children and an AGI in excess of
Agreed. A client I had was limited in the child tax credit> $110K. Last year their child tax credit was limited to > $100. > They received the full $800 rebate. > This year I assume their credit will be based on $600 per > child and will probably be limited again. But they get to > keep the $800. > This season could be worse than two years ago when we had to > deal with that other rebate. and I felt she would get only $385. She got $800. At least they don't have to pay it back. Helen, EA in PA Member of The Tax Gang President, PA Society of Enrolled Agents 1040EZ and 1040A tax prep at www.1040.com/1040pro << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| A couple I know have two children and an AGI in excess of $110K. Last year their child tax credit was limited to $100. They received the full $800 rebate. This year I assume their credit will be based on $600 per child and will probably be limited again. But they get to keep the $800. This season could be worse than two years ago when we had to deal with that other rebate. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| child, credit, questions, refund, tax |
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