![]() ![]() Earned Income Tax Credit: The maximum credit for filing jointly as a married couple and claiming three or more qualifying dependents amounts to $6,728 in 2021, with the credit completely phased out at $57,414 of adjusted gross income.In line with the adjustments for inflation, many tax deductions and tax credits will have their phaseouts adjusted to account for these changes. Go to line 8 /5/: Delay In Small Number Of Eĭeductions And Credits Phaseout Adjustments Stop You cant exclude any of your employment compensationb. Is the amount on line 6 $150,000 or more?Ī.This is your modified adjusted gross income. If you are filing Form 1040-NR, enter the amount from line 10d. If you are filing Form 1040 or 1040-SR, enter the amount from line 10c. ![]() Do not reduce this amount by the amount of unemployment compensation you may be able to exclude. ![]()
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