White House chief of staff flubs tweet on Biden’s child tax credit

A couple making less than $150,000 and a single parent making less than $112,500 (filing as head of household) qualify for the full benefit. “Above these income thresholds, the extra amount above the original $2,000 credit — either $1,000 or $1,600 per child — is reduced by $50 for every extra $1,000 in modified [adjusted gross income],” the Internal Revenue Service says, meaning some wealthier families at the high end would not receive any windfall.

Source: WP