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Old 08-04-2003, 07:10 AM
Helen P. OPlanick EA
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Default Re: Child Credit Tax Refund Questions

- quote -

> 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.


Agreed. A client I had was limited in the child tax credit
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

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Old 08-03-2003, 11:01 PM
Ed Durall
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Default Re: Child Credit Tax Refund Questions

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 > << ------------------------------------------------->
 

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