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This post calculates the child tax credit for two scenarios.

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Calculate the child credit for the following tax payers.
a. Jeremy is a single (head of household) father with a dependent 8 yr old son and $79,600 AGI.
b. Jerry and Ann have two dependent preschool children and $100,000 of AGI.

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Solution Summary

This solution calculates the child tax credit for these two scenarios:

a. Jeremy is a single (head of household) father with a dependent 8 yr old son and $79,600 AGI.
b. Jerry and Ann have two dependent preschool children and $100,000 of AGI.

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a. Jeremy is a single (head of household) father with a dependent 8 yr old son and $79,600 AGI:
79,600 - 75,000 (phase out) = 4,600 ...

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