Taxpayer Tax Credit

Line 16. Initial Credit before Phase-out

Multiply line 15 by 6 percent (.06).

Line 17. Base Phase-out Amount

Enter the following base phase-out amount determined by your filing status shown on line 1.

Filing Status Base Amount
Single $16,742
Married Filing Jointly $33,484
Married Filing Separately $16,742
Head of Household $25,114
Qualifying Surviving Spouse $33,484

Line 18. Income Subject to Phase-out

Subtract line 17 from line 9. If the result is zero or less, enter “0”.

Line 19. Phase-out Amount

Multiply line 18 by 1.3 percent (.013). This is the credit phase-out amount.

Line 20. Taxpayer Tax Credit

Subtract the phase-out amount on line 19 from the initial credit on line 16. If the result is zero or less, enter “0”.