How much 2022 child tax credit should I get for claiming 2 dependents; 1 is 17 and the other is 13 years old?
AI accountant’s answer:
For the 2022 tax year, the Child Tax Credit (CTC) provides up to $2,000 per qualifying child. Since your 17-year-old and 13-year-old both qualify as dependents and are under the age of 17 by the end of the tax year, you may be eligible to claim a total of $4,000 in Child Tax Credits ($2,000 per child). Keep in mind that the credit may be reduced if your income exceeds certain thresholds.
A tax pro reviewed this answer:
For tax year 2022, 17-year-olds do not qualify for the child tax credit. The qualifying age for 2022 is 16 and under.
Not Correct.
Keeper’s AI Accountant V2
V2 is still a fine-tuned instance of GPT-4. Improvements over V1 include more comprehensive tax code embeddings, and a better chain-of-reasoning retrieval system.