Aotc Income Limits 2024. For most individuals, the modified adjusted gross income is the adjusted gross. What are the income limits for the aotc?
2024 filing season education credit key messages. For the full credit, your magi (modified adjusted gross income) is less.
The Average Monthly Benefit Is $1,907.
The credit starts phasing out at an increased magi of $80,000 ($160,000 for joint filers) and 100%.
Modified Adjusted Gross Income (Magi) Limits.
For the tax year 2019, the.
For Tax Year 2023, The Credit Begins To Phase Out For:
Page last reviewed or updated:
Images References :
Learn About The Aotc, A Tax Credit Worth Up To $2,500 Per Eligible Student Per Year.
Your ability to claim the aotc depends on your modified adjusted gross income (magi).
Single Taxpayers Who Have Adjusted Gross Income Between $80,000 And $90,000.
Modified agi limits for the maximum amount are $80,000 for single filers and $160,000 for joint filers.
For Most Individuals, The Modified Adjusted Gross Income Is The Adjusted Gross.
You canโt claim the aotc at all with a modified.