Get Ready for Taxes: Important things to know about tax
Nov 07, 2019 · For tax year 2019, this means April 15, 2020, or if a taxpayer gets a tax-filing extension, Oct. 15, 2020. The amount of the Child Tax Credit begins to reduce or phase out at $200,000 of modified adjusted gross income, or $400,000 for married couples filing jointly. Credit for Other Dependents. This credit is available to taxpayers with dependents for whom they cannot claim the Child Tax Credit.
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