2021 Child Tax Credit and Advance Child Tax Credit ...
The Child Tax Credit phases out in two different steps based on your modified adjusted gross income (AGI) in 2021. The first phaseout can reduce the Child Tax Credit to $2,000 per child. That is, the first phaseout step can reduce only the $1,600 increase for qualifying children ages 5 and under, and the $1,000 increase for qualifying children ages 6 through 17, at the end of 2021.
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