Maximum Tax Credits

Maximum Tax Credits

Tax Year 2017

Single, Married Filing Separate, Unmarried Head of Household

Original Credit (Form 323) $ 546
Additional Credit (Form 348)* $ 543
Maximum Tax Credit $ 1,089

Married Filing Jointly

Original Credit (Form 323) $ 1,092
Additional Credit (Form 348)* $ 1,085
Maximum Tax Credit $ 2,177

*Additional Tax Credit is available only when the amount contributed is greater than the maximum that can be claimed on Form 323 (Original Credit)

 

Tax Year 2018

Single, Married Filing Separate, Unmarried Head of Household

Original Credit (Form 323) $ 555
Additional Credit (Form 348)* $ 552
Maximum Tax Credit $ 1,107

Married Filing Jointly

Original Credit (Form 323) $ 1,110
Additional Credit (Form 348)* $ 1,103
Maximum Tax Credit $ 2,213

*Additional Tax Credit is available only when the amount contributed is greater than the maximum that can be claimed on Form 323 (Original Credit)