To be eligible for a full or partial
credit, the taxpayer (single, head of household, married but separate, or widowed must have earned
income and AGI of at least $1 but less than:
$59,899 ($66,819 if Married Filing Jointly) with three or more qualifying children
$55,768 ($62,688 if Married Filing Jointly) with two qualifying children
$49,084 ($56,004 if Married Filing
Jointly) with one qualifying child
$18,591 ($25,511 if Married Filing
Jointly) with no qualifying child
Clean Vehicle Energy Credits
You may qualify for a credit up to $7,500 if you bought a new, qualified plug-in EV or fuel cell electric vehicle if your modified AGI was under:
$300,000 for married couples filing jointly or a surviving spouse
$225,000 for heads of households
$150,000 for all other filers
To qualify it must have been bought for your own use, not for resale, and used primarily in the U.S.
Small Business Pension Plan
This tax credit reduces
the amount of taxes you may owe on a dollar-for-dollar basis up to $5,000,
for three years, for the ordinary and necessary costs of starting a SEP,
SIMPLE IRA or qualified plan (like a 401(k) plan.)
One of three qualifiers are:
You had 100 or fewer employees who received at least $5,000 in compensation from you for the preceding year;
