Page 17 - 2021 Taxes Quick Guide_01

Tax Credits

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American
Earned opportunity 04
Income 01
$2,500 per year maximum (100% of the first
Maximum credit depends on number $2,000 of qualifying expenses and 25% of the
of qualifying children: $1,502 (none); next $2,000), with 40% of the credit refundable
$3,618(one); $5,980 (two); $6,728 unless the taxpayers with MAGIs between
(three or more), subject to phaseouts. $80,000 and $90,000 ($160,000 and $180,000 for
married filing jointly).

Child 02 Lifetime
learning 05
$3,000 per qualifying child under age
18 and $3,600 for child under 6. For 20% of up to $10,000 of qualified tuition and
additional child tax credits, speak to us related expenses. Phases out between
and we can help. $59,000 and $69,000 of MAGI for single filers
and from $118,000 to $138,000 for married
Adoption 03 filing jointly.

$14,440 maximum. Phases out with
MAGI between ,$216,660 and Sec. 25D residential
$256,660..
energy efficient
property 06

26% of amount paid for qualifying property
(for qualified fuel cell property, maximum
credit of $500 for each 0.5 kilowatt of
capacity).