Silver is a very popular car color overall, but women prefer silver over men, according to a recent study of the used car market. Mitsubishi Motors Corp President Osamu Masuko poses next to the company's silver concept car GC-PHEV at the 43rd Tokyo Motor Show November 20, 2013. Photo: Reuters.
The phase out for the Child Tax Credit begins at a modified adjusted gross income for joint filers at $110,000, single filers and head of household at $75,000, and $55,000 for married filing separately.he phase out for the total Child Tax Credit (i.e. , the credit amount times the number of qualifying children) is $50 for each $1,000 (or part thereof) of modified adjusted gross income above the thresholds.
So 90% (45 2%) of their $15,600 exemption allowance is phased out, leaving them with a reduced exemption deduction of $1,560 ((100 90) $15,600). Assuming Ralph and Louise are in the 33% federal tax bracket, the phase-out costs them an additional $4,633 ($15,600 90% 33%).n addition, taxpayers are allowed a standard deduction or, if their deductions are large, they can itemize their deductions. The American Taxpayer Relief Act of 2012 included a provision to phase out, beginning in 2013, both the personal exemptions and itemized deductions for higher income taxpayers.