Do you have children under age 17? If so, and other qualifications are met, you may be eligible for the child credit. The maximum amount per qualifying child is $2,000 for 2019 and 2020. Up to $1,400 of that amount can be refundable for each qualifying child. That is, taxpayers can receive a refund up to $1,400 even if they owe no tax. To qualify, a child must have a valid Social Security number issued before the date of the tax return (including extensions). The amount of this credit begins to reduce (or phase out) at $200,000 of modified adjusted gross income, or $400,000 for married couples filing jointly. You can find more at https://bit.ly/34OWbUl, or contact us with questions. Visit our website for more information! www.mjscpa.com/news/