Common use of Tax Credit for Contributions Clause in Contracts

Tax Credit for Contributions. You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are age 18 or older as of the close of the taxable year, not a dependent of another taxpayer, and not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 $1 – 22,500 $1 – 15,000 50 30,001 – 32,500 22,501 – 24,375 15,001 – 16,250 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 10 Over 50,000 Over 37,500 Over 25,000 0 *Adjusted gross income includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your IRA Traditional XXX contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA Traditional XXX and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2016 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 37,000 $1 – 22,500 27,750 $1 – 15,000 18,500 50 $37,001 – 40,000 $27,751 – 30,000 $18,501 – 20,000 20 $40,001 – 61,500 $30,001 – 32,500 22,501 46,125 $20,001 – 24,375 15,001 – 16,250 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 30,750 10 Over 50,000 $61,500 Over 37,500 $46,125 Over 25,000 $30,750 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your IRA XXX contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are age 18 or older as of the close of the taxable year, not a dependent of another taxpayer, and not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA XXX and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 $1 – 22,500 $1 – 15,000 50 30,001 – 32,500 22,501 – 24,375 15,001 – 16,250 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 10 Over 50,000 Over 37,500 Over 25,000 0 *Adjusted gross income includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your SIMPLE IRA contributionsdeferrals. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions deferrals made to your SIMPLE IRA and reduce these contributions by any distributions that you may have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2016 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 37,000 $1 – 22,500 27,750 $1 – 15,000 18,500 50 $37,001 – 40,000 $27,751 – 30,000 $18,501 – 20,000 20 $40,001 – 61,500 $30,001 – 32,500 22,501 46,125 $20,001 – 24,375 15,001 – 16,250 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 30,750 10 Over 50,000 $61,500 Over 37,500 $46,125 Over 25,000 $30,750 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your IRA Traditional XXX contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA Traditional XXX and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2012 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 1–$34,000 $1 – 22,500 1–$25,875 $1 – 15,000 1–$172,500 50 30,001 – 32,500 22,501 – 24,375 15,001 – 16,250 $34,001–$37,500 $25,876–$28,125 $17,251–$18,750 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 $37,501–$57,500 $28,126–$43,125 $18,751–$28,750 10 Over 50,000 $57,500 Over 37,500 $43,125 Over 25,000 $28, 750 0 method will only be taxable to you if the total contributions made in the year of the excess exceed the annual applicable contribution limit. *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, Islands and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2015 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 36,500 $1 – 22,500 27,375 $1 – 15,000 18,250 50 30,001 $36,501 – 32,500 22,501 39,500 $27,376 – 24,375 15,001 29,625 $18,251 – 16,250 19,750 20 32,501 $39,501 – 50,000 24,376 61,000 $29,626 – 37,500 16,251 45,750 $19,751 – 25,000 30,500 10 Over 50,000 $61,000 Over 37,500 $45,750 Over 25,000 $30,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 30,001 – $1 – 22,500 22,501 – $1 – 15,000 50 30,001 – 32,500 22,501 – 24,375 15,001 – 50 32,500 24,375 16,250 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 10 50,000 Over 50,000 37,500 Over 37,500 25,000 Over 25,000 0 *Adjusted gross income includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, Islands and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2023 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases Over Not Over Over Not Over Over Not Over $1 – 30,000 43,500 $1 – 22,500 32,625 $1 – 15,000 21,750 50 30,001 – 32,500 22,501 – 24,375 15,001 – 16,250 $43,500 $47,500 $32,625 $35,625 $21,750 $23,750 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 $47,500 $73,000 $35,625 $54,750 $23,750 $36,500 10 Over 50,000 Over 37,500 Over 25,000 $73,000 $54,750 $36,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), ) and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2023 Adjusted Gross Income* Applicable Percentage Joint Return Over Not Over Head of a Household HouseholdOver Not Over All Other Cases Over Not Over $1 – 30,000 43,500 $1 – 22,500 32,625 $1 – 15,000 21,750 50 30,001 – 32,500 22,501 – 24,375 15,001 – 16,250 $43,500 $47,500 $32,625 $35,625 $21,750 $23,750 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 $47,500 $73,000 $35,625 $54,750 $23,750 $36,500 10 Over 50,000 Over 37,500 Over 25,000 $73,000 $54,750 $36,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2016 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 37,000 $1 – 22,500 27,750 $1 – 15,000 18,500 50 $37,001 – 40,000 $27,751 – 30,000 $18,501 – 20,000 20 $40,001 – 61,500 $30,001 – 32,500 22,501 46,125 $20,001 – 24,375 15,001 – 16,250 20 32,501 – 50,000 24,376 – 37,500 16,251 – 25,000 30,750 10 Over 50,000 $61,500 Over 37,500 $46,125 Over 25,000 $30,750 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. EXT-KM-MDPMGI-00 0815 | 7 2012 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases Applicable Percentage If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. $1 – 30,000 34,500 $1 – 22,500 25,875 $1 – 15,000 17,250 50 30,001 – 32,500 22,501 – 24,375 15,001 – 16,250 20 32,501 – 50,000 24,376 34,501 – 37,500 16,251 25,876 – 25,000 28,125 17,251 – 18,750 20 37,501 – 57,500 28,126 – 43,125 18,751 – 28,750 10 Over 50,000 57,500 Over 37,500 43,125 Over 25,000 28,750 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2015 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1 – 30,000 36,500 $1 – 22,500 27,375 $1 – 15,000 18,250 50 30,001 $36,501 – 32,500 22,501 39,500 $27,376 – 24,375 15,001 29,625 $18,251 – 16,250 19,750 20 32,501 $39,501 – 50,000 24,376 61,000 $29,626 – 37,500 16,251 45,750 $19,751 – 25,000 30,500 10 Over 50,000 $61,000 Over 37,500 $45,750 Over 25,000 $30,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006each year.