LenaH
Employee Tax Expert

Education

If your credit is being phased out no matter which order you put the expenses in for your children, it may be due to your modified adjusted gross income (MAGI).

 

In order to receive the full credit amounts, your MAGI must be $80,000 or less ($160,000 or less for married filing jointly). You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).

 

To get your MAGI, please read about the MAGI calculation on TurboTax's page What is the Difference Between AGI and MAGI on your Taxes?

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