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Deductions & credits
see my example above. There is a 5% phase out for HOH beginning at $112,500. So if the parent plus the child should get $1700, then for each dollar beyond $112,500, the $1700 is reduced by a nickel.
for example is the income is $120,000. then the payment is reduced to $1325
March 26, 2020
2:22 PM