-6-
adjusted gross income redetermined in these proceedings,
petitioners are still not entitled to the child tax credit by
reason of the limitation set forth in section 24(b)(1).
Item No. 6: Petitioners’ computation claims a credit for
Federal income tax withheld of $5,714, whereas respondent’s
revised computation allows a credit of $5,602, or $112 less. We
note that petitioners’ return claimed a refund of $112.
Respondent’s revised computation correctly reduced the amount of
the credit for Federal income tax withheld by the amount claimed
by petitioners as a refund on their return.
For the reasons set forth above, we agree with the
computation of the deficiency set forth in respondent’s revised
computation. Accordingly,
Decision will be entered in
accordance with respondent’s reply
to petitioners’ alternative
computation for entry of decision.
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Last modified: March 27, 2008