The $180,000 limit for married filing jointly is clear but what is the phase out schedule for amounts above $180,000
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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.
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.
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