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 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 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. $1 – 37,000 $1 – 27,750 $1 – 18,500 50 $37,001 – 40,000 $27,751 – 30,000 $18,501 – 20,000 20 $40,001 – 61,500 $30,001 – 46,125 $20,001 – 30,750 10 Over $61,500 Over $46,125 Over $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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX SARSSEP 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 XXX SEP 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. $1 – 37,000 - 38,500 $1 – 27,750 - 28,875 $1 – 18,500 - 19,250 50 $37,001 – 40,000 38,501 - 41,500 $27,751 – 30,000 28,876 - 31,125 $18,501 – 20,000 19,251 - 20,750 20 $40,001 – 61,500 41,501 - 64,000 $30,001 – 46,125 31,126 - 48,000 $20,001 – 30,750 20,751 - 32,000 10 Over $61,500 64,000 Over $46,125 48,000 Over $30,750 32,000 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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX 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 XXX 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. $1 – 37,000 43,500 $1 – 27,750 32,625 $1 – 18,500 21,750 50 $37,001 – 40,000 43,500 $27,751 – 30,000 47,500 $18,501 – 20,000 32,625 $35,625 $21,750 $23,750 20 $40,001 – 61,500 47,500 $30,001 – 46,125 73,000 $20,001 – 30,750 35,625 $54,750 $23,750 $36,500 10 Over $61,500 Over 73,000 $46,125 Over 54,750 $30,750 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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX contributionsSIMPLE IRA deferrals. 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 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 Traditional XXX 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. $1 – 37,000 36,500 $1 – 27,750 27,375 $1 – 18,500 18,250 50 $37,001 36,501 – 40,000 39,500 $27,751 27,376 – 30,000 29,625 $18,501 18,251 – 20,000 19,750 20 $40,001 39,501 – 61,500 61,000 $30,001 29,626 – 46,125 45,750 $20,001 19,751 – 30,750 30,500 10 Over $61,500 61,000 Over $46,125 45,750 Over $30,750 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 cost‐of‐living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX 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 XXX 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. Over Not Over Over Not Over Over Not Over $1 – 37,000 43,500 $1 – 27,750 32,625 $1 – 18,500 21,750 50 $37,001 – 40,000 43,500 $27,751 – 30,000 47,500 $18,501 – 20,000 32,625 $35,625 $21,750 $23,750 20 $40,001 – 61,500 47,500 $30,001 – 46,125 73,000 $20,001 – 30,750 35,625 $54,750 $23,750 $36,500 10 Over $61,500 Over 73,000 $46,125 Over 54,750 $30,750 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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX 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 XXX 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. Joint Return Over Not Over Head of a HouseholdOver Not Over All Other Cases Over Not Over $1 – 37,000 43,500 $1 – 27,750 32,625 $1 – 18,500 21,750 50 $37,001 – 40,000 43,500 $27,751 – 30,000 47,500 $18,501 – 20,000 32,625 $35,625 $21,750 $23,750 20 $40,001 – 61,500 47,500 $30,001 – 46,125 73,000 $20,001 – 30,750 35,625 $54,750 $23,750 $36,500 10 Over $61,500 Over 73,000 $46,125 Over 54,750 $30,750 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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your 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 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. $1 – 37,000 36,500 $1 – 27,750 27,375 $1 – 18,500 18,250 50 $37,001 36,501 – 40,000 39,500 $27,751 27,376 – 30,000 29,625 $18,501 18,251 – 20,000 19,750 20 $40,001 39,501 – 61,500 61,000 $30,001 29,626 – 46,125 45,750 $20,001 19,751 – 30,750 30,500 10 Over $61,500 61,000 Over $46,125 45,750 Over $30,750 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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX 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 XXX 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. $1 – 37,000 36,500 $1 – 27,750 27,375 $1 – 18,500 18,250 50 $37,001 36,501 – 40,000 39,500 $27,751 27,376 – 30,000 29,625 $18,501 18,251 – 20,000 19,750 20 $40,001 39,501 – 61,500 61,000 $30,001 29,626 – 46,125 45,750 $20,001 19,751 – 30,750 30,500 10 Over $61,500 61,000 Over $46,125 45,750 Over $30,750 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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, 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 XXX 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. Over Not Over Over Not Over Over Not Over $1 – 37,000 47,500 $1 – 27,750 35,625 $1 – 18,500 23,750 50 $37,001 – 40,000 47,500 $27,751 – 30,000 51,000 $18,501 – 20,000 35,625 $38,250 $23,750 $25,500 20 $40,001 – 61,500 51,000 $30,001 – 46,125 79,000 $20,001 – 30,750 38,250 $59,250 $25,500 $39,500 10 Over $61,500 Over 79,000 $46,125 Over 59,250 $30,750 39,500 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 each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your 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 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 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. $1 – 37,000 36,500 $1 – 27,750 27,375 $1 – 18,500 18,250 50 $37,001 36,501 – 40,000 39,500 $27,751 27,376 – 30,000 29,625 $18,501 18,251 – 20,000 19,750 20 $40,001 39,501 – 61,500 61,000 $30,001 29,626 – 46,125 45,750 $20,001 19,751 – 30,750 30,500 10 Over $61,500 61,000 Over $46,125 45,750 Over $30,750 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 cost‐of‐living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional XXX contributionsSIMPLE IRA deferrals. 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 Traditional XXX 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. $1 – 37,000 36,500 $1 – 27,750 27,375 $1 – 18,500 18,250 50 $37,001 36,501 – 40,000 39,500 $27,751 27,376 – 30,000 29,625 $18,501 18,251 – 20,000 19,750 20 $40,001 39,501 – 61,500 61,000 $30,001 29,626 – 46,125 45,750 $20,001 19,751 – 30,750 30,500 10 Over $61,500 61,000 Over $46,125 45,750 Over $30,750 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 each year.