Law
Law, 29.10.2020 16:10, maddiecrouch21

Isaac and Cynthia are married filing jointly taxpayers. Their modified adjusted gross income (MAGI) for 2020 is $53,000. They have three children and qualify for the full Child Tax Credit for each, which means they get a $6,000 credit (3 x $2,000 = $6,000). They complete their Form 1040 and determine their Federal income tax bill is just $1,000, leaving them with $5,000 in unused credit. Isaac and Cynthia qualify to claim the Additional Child Tax Credit and can generally receive a maximum income tax refund for what amount?

answer
Answers: 2

Other questions on the subject: Law

image
Law, 03.07.2019 15:10, 4presidents
Within how many days of acquiring or discovering a significant financial interest is the investigator required to submit an updated disclosure to the institution?
Answers: 3
image
Law, 05.07.2019 20:20, julliette27
How much feet should your car be from a burning vehicle?
Answers: 1
image
Law, 07.07.2019 02:10, majesticfart7736
At what part does suspect become classified as a defendant?
Answers: 1
image
Law, 09.07.2019 22:10, charmrenee
In which system of gonvernment would states function independently of each other?
Answers: 2
Do you know the correct answer?
Isaac and Cynthia are married filing jointly taxpayers. Their modified adjusted gross income (MAGI)...

Questions in other subjects:

Konu
Mathematics, 07.01.2021 01:00
Konu
Arts, 07.01.2021 01:00