Herb and Carol are married and file a joint tax return claiming their three children, ages 4, 5, and 18, as dependents. Their AGI for 2018 is $405,600 and their pre-credit tax liability is about $84,000. What is Herb and Carol's child tax credit for 2018?

Paul and Olivia file a joint tax return and reported modified AGI of $142,000. They have two qualifying children, ages seven and nine, for the purpose of the child tax credit. What is the amount of their child tax credit? What is the amount of the credit if they're modified AGI is $167,000? What is the amount of their credit if their modified AGI is $432,000?

Norm and Linda are married, file a joint return, and have one 5 year old child. Their AGI is $436,000. What is their child tax credit for 2021? If Norm and Linda had a 3 year old as well as the 5 year old and an 18 year old from Linda's first marriage, what would the total child tax credit and other dependent credit be for 2021?

Moe and Pearl are married, file a joint return, and have two dependent children, ages 11 and 13. Their AGI is $417,000. By how much is their child tax credit reduced in 2020?   a. $4,000   b. $3,150   c. $1,150   d. $0   e. $850

Jerome and Kelly are married, file a joint tax return, have AGI of $102,000 and have two children.  Devona is beginning her freshman year at State University during the fall of 2020 and Arethia is beginning her senior year at Northeast University during the fall of 2020 after having completed her junior year during the spring of that year.  Both Devona and Arethia are claimed as dependents on their parents’ tax return.   Devonia’s qualifying tuition expenses and fees total $4,000 for the fall semester and Aretha's qualifying tuition expenses and fees total $6,200 for each semester during 2020. Full payment is made for the tuition and related expenses for both children during each semester.  Calculate their education tax credits. available to Jerome and Kelly for 2020.

Paola and Isidora are married; file a joint tax return; report modified AGI of $136,025; and have one dependent child, Dante. The couple paid $8,070 of tuition and $16,035 for room and board for Dante (a freshman). Dante is a full-time student and claimed as a dependent by Paola and Isidora. Determine the amount of the American Opportunity credit for 2023.

Jordan and Alex are married with 3 children. They have W2 income, and they have almost completed their taxes for the year. They have chosen the standard deduction, they know that their tax owed on line 16 of the 2022 1040 form shows $23,906.62. They have $4,861.28 available to use. What amount will they have to pay to the IRS when they file their 1040 form?

David and Lilly Fernandez have determined their tax liability on their joint tax return to be $3,100. They have made prepayments of $1,900 and also have a child tax credit of $2,000. What is the amount of their tax refund or taxes due?

Xavier and his wife Maria have total W-2 income of $95,102. They will file their tax return as married filing jointly. They had a total of $7,910 withheld from their paychecks for federal income tax. Using the tax tables, determine the amount of refund or additional tax due upon filing their tax return. Indicate whether the amount is a refund or additional tax.

Rudy and Rebecca have AGI of $446,000. They have twin daughters, Ashley and Amy, ages 5. What amount of child tax credit can they claim in 2021?