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Flashcards in CREDITS Deck (6):
1

CHILD TAX CREDIT PHASES OUT AT WHAT INCOME LEVEL FOR SINGLE FILERES

75000

2

HOW MUCH IS THE CHILD CARE TAX CREDIT FOR

1000

3

WHATS THE AGE LIMIT ON THE CHILD TAX CREDIT AND WHAT DOES THE CHILD HAVE TO BE

UNDER AGE 17 AND BE CLAIMED AS A DEPENDENT

4

AMERICA OPPORTUNITY CREDIT AND WHAT'S THE OTHER ONE
AMOUNT
ONLY FOR
AGI PHASE OUT IS

LIFETIME LEARNING
2000 OF TUITION PLUS 25% OF OVER UPTO 2500
UNDERGRADUATE
PHASE OUT IS 160,000


5

LIFETIME LEARNING IS WHAT
HOW MUCH
WHO
CAN YOU TAKE BOTH _____ AND THIS IS SAME YEAR

20% OF QUALFIED EXPENSES
UNERGRAD OR GRAD
PHASES OUT START AT 65 SINGLE, 130 MARRIED
CAN'T TAKE BOTH SAME YAR

6

EARNED INCOME CREDIT
HERE'S THE QUALIFICATIONS
= HAVE A QUALIFYING CHILD OR
1. BE AT LEAST 25 AND NOT MORE THAN 64
2. LIVEE IN THE US FOR AT LEAST 6 MONTHS A YEAR
3. NOT BE CLAIMED AS A DEPENDENT ON SOMEONE ELSES RETURN

KID QUALIFYING CHILD, NOT SURE WHAT A QUALIFYING CHILD IS UNDER THE EIC REGSV