Client Resource Center

Practical answers for your questions

1255 TREAT BOULEVARD, STE 300 • WALNUT CREEK, CA 94595-7965
Phone: 925-472-0990 • Fax: 925-472-0991

2020 Income Phaseout Levels
American Opportunity (HOPE) Tax CreditPhaseout Level
Single / Head of household$80,000 - 90,000
Joint$160,000 - 180,000
Married filing separately (MFS)$0
Child Tax Credit ($2,000 Per Child)Phaseout Level
Single / Head of household$200,000 - 240,000
Joint$400,000 - 440,000
Married filing separately$200,000 - 240,000
Family Tax Credit
$500/dependent non-qualifying CTCsame as child tax credit
College Savings Bond Interest ExclusionPhaseout Level
Single / Head of household$82,350 - 97,350
Joint$123,550 - 153,550
Married filing separately$ 0

* Adjusted or modified adjusted gross income.

Education Loan Interest DeductionPhaseout Level
Single / Head of household$70,000 - 85,000
Joint$140,000 - 170,000
Married filing separately$ 0
Education Savings AccountsPhaseout Level
Single / Head of household / MFS$95,000 - 110,000
Joint$190,000 - 220,000
Lifetime Learning CreditPhaseout Level
Single / Head of household$59,000 - 69,000
Joint$118,000 - 138,000
Married filing separately$ 0
IRA Deductibility (With Company Pension)Phaseout Level
Single / Head of household$65,000 - 75,000
Joint$104,000 - 124,000
Married filing separately$0 - 10,000
When spouse has company pension$196,000 - 206,000
Itemized DeductionsPhaseout Level
SingleNot applicable
Joint returns & surviving spousesNot applicable
Married filing separatelyNot applicable
Head of householdNot applicable
Personal ExemptionPhaseout Level
Singlesuspended
Joint returns & surviving spousessuspended
Married filing separatelysuspended
Head of householdsuspended
Roth IRA EligibilityPhaseout Level
Single / Head of household$124,000 - 139,000
Joint$196,000 - 206,000
Married filing separately$0 - 10,000
Rollover of regular IRA to Roth IRANo income limit