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 Ã 2%) of their $15,600 exemption allowance is phased out, leaving them with a reduced exemption deduction of $1,560 ((100â90) Ã $15,600). Assuming Ralph and Louise are in the 33% federal tax bracket, the phase-out costs them an additional $4,633 ($15,600 Ã 90% Ã 33%).hus, they must reduce their itemized deductions subject to the phase-out by $3,375 (3% of $112,500), but the reduction must not exceed 80% of the deductions subject to the phase-out. For 2013, Ralph and Louise had the following itemized deductions: