Reduction of Making Work Pay Credit for High Income

[dyne]

I just realized that taxpayers with high income get LESS than the full potential $800
joint or $400 single Making Work Pay Credit. Lines 5 through 8 calculate the allowable
credit by subtracting 2% of the AGI which exceeds $150,000 on a joint return or
$75,000 on a single return I had overlooked or forgotten this. This makes their tax
even higher.

[dtlee]

I just realized that taxpayers with high income get LESS than the full potential $800
joint or $400 single Making Work Pay Credit. Lines 5 through 8 calculate the allowable
credit by subtracting 2% of the AGI which exceeds $150,000 or $75,000 single. I had
overlooked or forgotten this. This makes their tax even higher.

Would it help them to file separately if one makes enough to be phased out and the other doesn't?

[geekgirldany]

Noticed the same thing on a single filing status client yesterday. He only gets about $27 of he credit. Made close to $100,000