Here are the key phaseout levels for this year and next.
| American Opportunity Tax Credit | 2021 | 2022 |
| Single / Head of household | $80,000 - 90,000 | $80,000 - 90,000 |
| Joint | $160,000 - 180,000 | $160,000 - 180,000 |
| Married filing separately (MFS) | $0 | $0 |
| Child Tax Credit ($2,000 Per Child) | 2021* | 2022 |
| Single / Head of household | $75,000/112,500** | $200,000 - 240,000 |
| Joint | $150,000** | $400,000 - 440,000 |
| Married filing separately | $75,000** | $200,000 - 240,000 |
| Family Tax Credit |
|
|
| $500/dependent non-qualifying CTC | same as child tax credit |
*For 2021 the Child Tax Credit is $3,600 for children 5 and under; $3,000 for children 6 through 17.
**$400,000/200,000 phaseout applies after the increased credit phases out.
| College Savings Bond Interest Exclusion | 2021 | 2022 |
| Single / Head of household | $83,200 - 98,200 | $85,800 - 100,800 |
| Joint | $124,800 - 154,800 | $128,650 - 158,650 |
| Married filing separately | $0 | $0 |
* Adjusted or modified adjusted gross income.
| Education Loan Interest Deduction | 2021 | 2022 |
| Single / Head of household | $70,000 - 85,000 | $70,000 - 85,000 |
| Joint | $140,000 - 170,000 | $145,000 - 175,000 |
| Married filing separately | $0 | $0 |
| Education Savings Accounts | 2021 | 2022 |
| Single / Head of household / MFS | $95,000 - 110,000 | $95,000 - 110,000 |
| Joint | $190,000 - 220,000 | $190,000 - 220,000 |
| Lifetime Learning Credit | 2021 | 2022 |
| Single / Head of household | $80,000 - 90,000 | $80,000 - 90,000 |
| Joint | $160,000 - 180,000 | $160,000 - 180,000 |
| Married filing separately | $0 | $0 |
| IRA Deductibility (With Company Pension) | 2021 | 2022 |
| Single / Head of household | $66,000 - 76,000 | $68,000 - 78,000 |
| Joint | $105,000 - 125,000 | $109,000 - 129,000 |
| Married filing separately | $0 - 10,000 | $0 - 10,000 |
| When spouse has company pension | $198,000 - 208,000 | $204,000 - 214,000 |
| Itemized Deductions | 2021 | 2022 |
| Single | no phaseout | no phaseout |
| Joint returns & surviving spouses | no phaseout | no phaseout |
| Married filing separately | no phaseout | no phaseout |
| Head of household | no phaseout | no phaseout |
| Roth IRA Eligibility | 2021 | 2022 |
| Single / Head of household | $125,000 - 140,000 | $129,000 - 144,000 |
| Joint | $198,000 - 208,000 | $204,000 - 214,000 |
| Married filing separately | $0 - 10,000 | $0 - 10,000 |
| Rollover of regular IRA to Roth IRA | No income limit | No income limit |
