REG_PHASEOUT_LIMITS

What is the phase out limit for the Child and Dependent Care Credit

Reduction of $15,000
What are the two AMT tax rates?
- 26% on the first $187,800
- 28% after that
How is the ACE adjustment calculated?
- 75% of the sum of the following (M-O-L-D-D)
- ++ Municipal interest income
- ++ Org cost amortization
- ++ Life insurance proceeds on key employees
- ++ Dividends received deduction
- ++ Difference b/t AMT and ACE depreciation (if AMT>ACE, add back; if ACE>AMT, subtract)

Author

BethM

335592

Card Set

REG_PHASEOUT_LIMITS

Description

Becker Review 2017

Updated

2017-11-13T18:12:11Z

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