Paycheck Information

From your pay stub - federal income tax line only

Each child = $2,200 credit (OBBBA)

Each = $500 credit

Increases your standard deduction - $2,050/condition (single/HOH) or $1,650/condition (MFJ/MFS)

Second job, pension, dividends not subject to withholding

Itemized deductions that exceed your standard deduction (leave 0 if unsure)

Up to $25,000 MFJ / $12,500 others

Up to $25,000 MFJ / $12,500 others. Premium only (0.5x of 1.5x)

$6,000/person age 65+ (max $12,000 MFJ). Phase-out starts $75K/$150K

Up to $10,000 for qualifying new U.S.-assembled vehicle loans

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