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Advance child tax credit

Greta
Level 9

Is the income limit for Head of Household $400,000? My client just sold an asset and will exceed AGI of $400K. Will he have to return the advance child credits?

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Just-Lisa-Now-
Level 15
Level 15
Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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2 Comments 2
Accountant-Man
Level 13

Won't the extra income just reduce his refund or increase his tax due?

** I'm still a champion... of the world! Even without The Lounge.
Just-Lisa-Now-
Level 15
Level 15
Its 400k for MFJ, single filers (and I think HOH is considered single in this situation) is 200k

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪