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Parrish
and Peterson Accountancy Corporation
1155 Meridian Ave, San Jose, CA, 95125
408.265.1020 (fax) 408.265.6795
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| Phaseout
Table for Various Tax Related Benefits - 1999 |
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Adjusted
Gross Income Phaseout Range
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Description
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Joint
Return
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Single,
Head of Household (HOH)
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Married
Filing separately
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Adoption
Credit/Exclusion
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75,000-115,000
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75,000-115,000
|
-
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AMT
Exemption
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150,000-330,000
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112,500-247,500
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75,000-165,000
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Child
Credit
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110,000-119,001
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75,000-84,001
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55,000-59,001
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Education
IRA
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150,000-160,000
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95,000-110,000
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95,000-110,000
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Full
Exclusion - Social Security Income
|
less
than 32,000
|
less
than 25,000
|
-
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Hope
Scholarship Credit
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80,000-100,000
|
40,000-50,000
|
-
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Lifetime
Learning Credit
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80,000-
100,000
|
40,000-50,000
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-
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IRA
deduction with pension coverage
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51,000-61,000
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31,000-41,000
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0-10,000
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IRA
deduction with spouse having pension coverage
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150,000-160,000
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-
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-
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Beginning
of itemized deduction reduction
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126,600
|
126,600
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63,300
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Lifetime
Learning Credit
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80,000-100,000
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40,000-50,000
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-
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Passive
rental loss ($25,000) exception
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100,000-150,000
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100,000-150,000
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50,000-75,000
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Personal
exemptions
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189,950-312,450
|
126,600-249,100
(single);
158,300-280,800
(HOH)
|
94,975-156,225
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Contribution
to Roth IRA
|
150,000-160,000
|
95,000
-110,000
|
0-10,000
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Roth
Conversion - IRA to Roth
|
100,000
|
100,000
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-
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Savings
bond interest exclusion
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79,650-109,650
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53,100-68,100
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-
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