Child Support: Statutory And Contractual Page 22

ADVERTISEMENT

Child Support: Statutory and Contractual
Chapter 10
EXHIBIT F
Bain-Thomas Dependency Tax Benefit Allocation
2011 Divorce Schedule for Dependency Use
Gentleman
Lady
Adjusted Gross Income
$
$
2011 Standard deduction (MFJ-$11,600, HOH-$8,500, S-
$5,800)
Itemized deductions
$
$
Taxable Income
$
$
Dependents:
Date of
Name
Birth
1
2
3
Child tax credit - available for children under age of 17
$
1,000
Qualifying child - six test criteria
(age, relationship, support, dependent, citizenship & residence)
MFJ phase-out starts at $110,000
MFS phase-out starts at $55,000
HOH & single phase-out starts at $75,000
EIC - 2010 figures
EIC Limit
3 or more kids
5,666
<43,352, <48,362 (m.)
2 kids
5,036
<40,363, <45,373 (m.)
1 kid
3,050
<35,535, <40,545
no kids
457
<13,460, <18,470
2012 Taxable Income
10% limit
15% limit
25% limit
Top limit for marginal bracket:
Single
8,700
35,350
85,650
Head of Household
12,400
47,350
122,300
16

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Legal