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

Income Phaseout Levels

Here are the key phaseout levels for this year and next.

American Opportunity Tax Credit20212022
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 CTCsame 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 Exclusion20212022
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 Deduction20212022
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 Accounts20212022
Single / Head of household / MFS$95,000 - 110,000$95,000 - 110,000
Joint$190,000 - 220,000$190,000 - 220,000


Lifetime Learning Credit20212022
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)20212022
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 Deductions20212022
Singleno phaseoutno phaseout
Joint returns & surviving spousesno phaseoutno phaseout
Married filing separatelyno phaseoutno phaseout
Head of householdno phaseoutno phaseout


Roth IRA Eligibility20212022
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 IRANo income limitNo income limit