Where do I find the phase out schedule for the American Opportunity Tax Credit and Lifetime Learning Credit?
The $180,000 limit for married filing jointly is clear but what is the phase out schedule for amounts above $180,000
011069
1 Best answer
Hal_Al
Level 15
Jun 6, 2019 1:27:12 AM
The phase out starts at $160,000. At $180,000, it's all gone and you get no part of the credit. Between 160K & 180K the partial credit calculation is shown on form 8863.
1 Replies
Hal_Al
Level 15
Jun 6, 2019 1:27:12 AM
The phase out starts at $160,000. At $180,000, it's all gone and you get no part of the credit. Between 160K & 180K the partial credit calculation is shown on form 8863.