TLK TAX SERVICES

TLK TAX SERVICES

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12/05/2024
12/05/2024

2024 Earned Income Tax and Child tax credit

Child tax credit 2024

For 2024, the child tax credit is worth up to $2,000 per qualifying dependent child.

The refundable portion, also known as the additional child tax credit, is worth up to $1,700.

You're eligible for the full credit amount if your MAGI is $400,000 or below (married filing jointly) or $200,000 or below (all other filers). If your MAGI exceeds the above limits, the credit is reduced by $50 for each $1,000 of income above the threshold until it phases out completely.

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables

https://turbotax.intuit.com/tax-tips/family/7-requirements-for-the-child-tax-credit/L3wpfbpwQ

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables?fbclid=IwZXh0bgNhZW0CMTEAAR3q5WFMN0xzGh_xTyjaIObckMLJ1_N_cLsY49PFUyyh3KPWj2w37pznnUs_aem_cQHhEcNaUZY6BDNz8W9F0w

Photos from TLK TAX SERVICES's post 12/05/2024

2024 capital gains tax rate for long and short term

Photos from TLK TAX SERVICES's post 12/05/2024

2024 tax brackets and standard deduction

Photos from TLK TAX SERVICES's post 11/29/2023

2023 capital gains tax rate for long and short term

11/29/2023

2023 Earned Income Tax and Child tax credit

The 2023 child tax credit is worth up to $2,000 per qualifying dependent under the age of 17.

The credit amount decreases if your modified adjusted gross income exceeds $400,000 (married filing jointly) or $200,000 (all other filers).

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables

https://turbotax.intuit.com/tax-tips/family/7-requirements-for-the-child-tax-credit/L3wpfbpwQ

11/29/2023

2023 Tax Bracket.

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Location

Address


2670 S White Road, Ste 235
San Jose, CA
95148

Opening Hours

Monday 10am - 7pm
Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 7pm
Sunday 10am - 7pm