| Tax Benefit Income* Phase-Out Levels | | Itemized Deductions | Phase-Out Level | | Single / Joint / Head of household | $150,500 | | Married filing separately | $75,250 | | | | | Personal Exemption | Phase-Out Level | | Single | $150,500 - 273,000 | | Joint returns & surviving spouses | $225,750 - 348,250 | | Married filing separately | $112,875 - 174,125 | | Head of household | $188,150 - 310,650 | | top of page | | | Child Credit ($1,000 Per Child) | Phase-Out Level | | Single / Head of household | Starts at $75,000 | | Joint | Starts at $110,000 | | Married filing separately | Starts at $55,000 | | | | | IRA Deductibility (With Company Pension) | Phase-Out Level | | Single / Head of household | $50,000 - 60,000 | | Joint | $75,000 - 85,000 | | Married filing separately | $0 - 10,000 | | When spouse has company pension | $150,000 - 160,000 | | top of page | | | Roth IRA Eligibility | Phase-Out Level | | Single / Head of household | $95,000 - 110,000 | | Joint | $150,000 - 160,000 | | Married filing separately | $0 - 10,000 | Rollover of regular IRA to Roth IRA
(not allowed for married filing separately) | $100,000 (Income limit ends in 2010.) | | | | | Education Savings Account (Ed IRA) | Phase-Out Level | | Single / Head of household / Married filing separately | $95,000 - 110,000 | | Joint | $190,000 - 220,000 | | top of page | | | Hope/Lifetime Learning Credits | Phase-Out Level | | Single / Head of household | $45,000 - 55,000 | | Joint | $90,000 - 110,000 | | Married filing separately | $ 0 | | | | | Education Loan Interest Deduction | Phase-Out Level | | Single / Head of household | $50,000 - 65,000 | | Joint | $105,000 - 135,000 | | Married filing separately | $ 0 | | top of page | | | College Savings Bond Interest Exclusion | Phase-Out Level | | Single / Head of household | $63,100 - 78,100 | | Joint | $94,700 - 124,700 | | Married filing separately | $ 0 | | top of page | | | | | * Adjusted or modified adjusted gross income. |
| This page was last modified on September 28, 2006 09:21 AM |
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