Financial Aid and Taxes

[3scoutsmom]

Thanks for the link! Looks like there is an income cap on those new and better credits

. If you have:
• 3 or more qualifying children, is your earned income less
than $49,194 ($54,884 if married filing jointly)?
• 2 qualifying children, is your earned income less than
$45,802 ($51,492 if married filing jointly)?
• 1 qualifying child, is your earned income less than
$40,320 ($46,010 if married filing jointly)?
• No qualifying children, is your earned income less than
$15,270 ($20,950 if married filing jointly)?
Yes. Go to Step 6. No.
STOP
You can’t take the credit