Question: Sam and Kam are married and file a joint return with an AGI of $250,500. They have three dependent children ages 7, 10, and 17

  2. Sam and Kam are married and file a joint return with an AGI of $250,500. They have three dependent children ages 7, 10, and 17 (ages at the end of 2022). With respect to their children, what amount, if any, of Child Tax Credit and/or Dependent credit can Sam and Kam apply to their return?

    a.

    $4,500

    b.

    $6,000

    c.

    $4,000

    d.

    $0 because they exceed the threshold to apply any credit.

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