How Much Child Tax Credit Will Remington Receive in 2021?

What is the amount of Remington's 2021 Child Tax Credit (CTC)?

What is the calculation for Remington's Child Tax Credit for his two qualifying children?

Remington's Child Tax Credit Calculation

Remington's Child Tax Credit for 2021 will be $6,000.

The Child Tax Credit is a program that helps parents reduce their Federal taxes owed for each qualifying child under the age of 17. In Remington's case, with an Adjusted Gross Income (AGI) of $95,000, the Child Tax Credit for children aged 6 to 17 is $3,000 per child.

Since Remington has two qualifying children, the calculation is as follows:

Child Tax Credit = $3,000 + $3,000

Child Tax Credit = $6,000

Therefore, the correct amount of Remington's Child Tax Credit for 2021 is $6,000.