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IRS Tax Map 2008
Current IRS Tax Map

taxmap/instr/i1040a-001.htm#TXMP0d69944a

What's New for 2010(p6)


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taxmap/instr/i1040a-001.htm#TXMP474efca5

Earned income credit (EIC).(p6)

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You may be able to take the EIC if:
The maximum AGI you can have and still get the credit also has increased. You may be able to take the credit if your AGI is less than the amount in the above list that applies to you. The maximum investment income you can have and still get the credit is still $3,100.
taxmap/instr/i1040a-001.htm#TXMP7f5d2973

IRA deduction expanded.(p7)

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You may be able to take an IRA deduction if you were covered by a retirement plan and your 2010 modified AGI is less than $66,000 ($109,000 if married filing jointly or qualifying widow(er)). If your spouse was covered by a retirement plan, but you were not, you may be able to take an IRA deduction if your 2010 modified AGI is less than $177,000.
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Roth IRAs.(p7)

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Half of any income that results from a rollover or conversion to a Roth IRA from another retirement plan in 2010 is included in income in 2011, and the other half in 2012, unless you elect to include all of it in 2010. In addition, for any tax year beginning after 2009, you can make a qualified rollover contribution to a Roth IRA regardless of the amount of your modified AGI.
taxmap/instr/i1040a-001.htm#TXMP39439536

Alternative minimum tax (AMT) exemption amount.(p7)

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The AMT exemption amount is scheduled to decrease to $33,750 ($45,000 if married filing jointly or a qualifying widow(er); $22,500 if married filing separately).
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Allowance of certain personal credits against the AMT.(p7)

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The allowance of the following personal credits against the AMT has expired.
taxmap/instr/i1040a-001.htm#TXMP2f5519ed

Personal exemption phaseout ended.(p7)

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For 2010, taxpayers with AGI above a certain amount will no longer lose part of their deduction for personal exemptions.
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Expiring tax benefits.(p7)

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The following tax benefits are scheduled to expire and will not be available for 2010.