3 ms·
It starts phasing out at $75,000 AGI. Decreases 5% for every dollar over. For example, if you make $84,000 AGI, you would get $1200-.05*(84000-75000) = $750. I
by scrooched_moose 7y ago
It starts phasing out at $75,000 AGI. Decreases 5% for every dollar over. For example, if you make $84,000 AGI, you would get $1200-.05*(84000-75000) = $750.
It decreases to $0 at $99,000.
Edit: double everything for a married couple - potential for $2400 that begins phasing out at $150,000 and drops to $0 at $198,000.