![]() AMT (because Trump essentially removed it for most people).Stuff my spreadsheet does not attempt to calculate: Effective marginal tax rates for $1 extra labor income.Standard vs Itemized deductions (including $10k SALT cap).Single, Head of Household ( new this year!), Married.Stuff my spreadsheet handles (or attempts to): With a 2% dividend yield, this implies that one could qualify for the EITC with $500k of taxable investment balances.Investment income threshold was increased from $3,650 to $10k!.For those with high enough incomes, it reverts to the same $2k/kid credit with 5% phaseout at $200k for HoH and $400k for MFJ.Phases out at 5% above $150k of income for MFJ, $112.5 for HoH.Child tax credit (temporary changes for 2021 only):.Well, thanks to the $1.9B Coronavirus stimulus bill (#3), there are some pretty major changes to the tax code this year:
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