Household Income for the K-12 Education Credit
Household income generally equals your Adjusted Gross Income (AGI) plus your nontaxable income. For a detailed list of income to include, see the instructions for Schedule M1ED, K-12 Education Credit.
The household income limit for the K-12 Education Credit depends on the number of qualifying children you had in school during the year.
Income Limits for the K-12 Education Credit
|If you have this many qualifying children:||Your maximum household income is:|
|1 or 2||$37,500|
|Over 5||Add $2,000 for each additional child|
For details, see K-12 Education Subtraction and Credit (Income Tax Fact Sheet 8).