| Child Credit ($1000/ Child) |
Phase-Out Level |
| Single / Head of household |
Starts at $75,000 |
| Joint |
Starts at $110,000 |
| Married filing separately |
Starts at $55,000 |
|
| College Savings Bond Interest Exclusion |
Phase-Out Level |
| Single / Head of household |
$59,850 - 74,850 |
| Joint |
$89,750 - 119,750 |
| Married filing separately |
$0 |
|
| Education Loan Interest Deduction |
Phase-Out Level |
| Single / Head of household |
$50,000 - 65,000 |
| Joint |
$100,000 - 130,000 |
| Married filing separately |
$0 |
|
| Education Savings Account (Ed IRA) |
Phase-Out Level |
| Single / Head of household / Married filing separately |
$95,000 - 110,000 |
| Joint |
$190,000 - 220,000 |
|
| Higher Education Deduction |
Upper Income Limit |
| Single / Head of household |
$65,000 for $4,000 deduction
$80,000 for $2,000 deduction |
| Joint |
$130,000 for $4,000 deduction
$160,000 for $2,000 deduction |
| Married filing separately |
$0 |
|
| Hope / Lifetime Learning Credits |
Phase-Out Level |
| Single / Head of household |
$42,000 - 52,000 |
| Joint |
$85,000 - 105,000 |
| Married filing separately |
$0 |
|
| Itemized Deductions |
Phase-Out Level |
| Single / Joint / Head of household |
$142,700 |
| Married filing separately |
$71,350 |
|
| IRA Deductibility (w/ Pension) |
Phase-Out Level |
| Single / Head of household |
$45,000 - 55,000 |
| Joint |
$65,000 - 75,000 |
| Married filing separately |
$0 - 10,000 |
| When spouse has company pension |
$150,000 - 160,000 |
|
| 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 |
|
| Personal Exemption |
Phase-Out Level |
| Single |
$142,700 - 265,200 |
| Joint returns & surviving spouses |
$214,050 - 336,550 |
| Married filing separately |
$107,025 - 168,275 |
| Head of household |
$178,350 - 300,850 |
|