Deductions & credits

@JS985 - where does it state that the limit is $75k / $150k? can you please post the reference? 

 

please look at Q C1 at the IRS link below

 

https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery...

 

and part of the C1 FAQ states: 

 

It is then reduced if the adjusted gross income (AGI) amount on line 11 of your 2021 Form 1040 or Form 1040-SR is more than: 

  • $150,000 if married and filing a joint return or filing as a qualifying widow or widower
  • $112,500 if filing as head of household or
  • $75,000 for all others.  

No credit is allowed when AGI is at least the following amount:

  • $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
  • $120,000 if filing as head of household or
  • $80,000 for all others.