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additional child tax credit in an amount that is the lesser of
the remaining child tax credit available, or 10 percent of the
amount by which the taxpayer’s earned income exceeds $10,500.
Therefore, petitioner is entitled to claim the lesser of $839
($1,000 - $161) or $197.20 ($12,472 - $10,500 = $1,972 x .10 =
$197.20).
The Court finds that petitioner is entitled to a child tax
credit of $161 and an additional child tax credit of $197.20.
Reviewed and adopted as the report of the Small Tax Case
Division.
To reflect the foregoing,
Decision will be entered
under Rule 155.
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Last modified: May 25, 2011