Tax Services, Information, and News
2007 Annual Limits Relating to Financial Planning – Education Funding Incentives
Phaseout for Education Savings Accounts Single married filing jointly |
$95,000 – $110,000 $190,000 – $220,000 |
Phaseout of exclusion for EE bonds Single married filing jointly |
$65,600 – $80,600 $98,400 – $128,400 |
Phaseout of Hope Scholarship and Lifetime Learning Tax Credits Single married filing jointly |
$47,000 – $57,000 $94,000 – $114,000 |
Phaseout of Deductibility of Student Loan Interest Single married filing jointly |
$55,000 – $70,000 $110,000 – $140,000 |
Phaseout of Deduction for Higher Education Expenses Single married filing jointly |
$65,000 $130,000 |
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