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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