Page 11

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Jointly)

The instructions for the Form 1040 series provide tables showing the amount of the earned income credit for each type of taxpayer. (2) Excessive Investment Income. For taxable years beginning in 2022, the earned income tax credit is not allowed under § 32(i) if the aggregate amount of certain investment income exceeds $10,300. .07 Refundable Credit for Coverage Under a Qualified Health Plan. For taxable years beginning in 2022, the limitation on tax imposed under § 36B(f)(2)(B) for excess advance credit payments is determined using the following table:

If the household income The limitation amount for The limitation amount for (expressed as a percent unmarried individuals all other taxpayers is: of poverty line) is: (other than surviving spouses and heads of household) is:

Less than 200% $325

$650 At least 200% but less than 300% $825

$1,650 At least 300% but less than 400% $1,400 $2,800

.08 Rehabilitation Expenditures Treated as Separate New Building. For calendar year 2022, the per low-income unit qualified basis amount under § 42(e)(3)(A)(ii)(II) is $7,400. .09 Low-Income Housing Credit. For calendar year 2022, the amount used under § 42(h)(3)(C)(ii) to calculate the State housing credit ceiling for the low-income housing credit is the greater of (1) $2.60 multiplied by the State population, or (2) $2,975,000.

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Page 11

Official source

- 11 -

Jointly)

The instructions for the Form 1040 series provide tables showing the amount of the earned income credit for each type of taxpayer. (2) Excessive Investment Income. For taxable years beginning in 2022, the earned income tax credit is not allowed under § 32(i) if the aggregate amount of certain investment income exceeds $10,300. .07 Refundable Credit for Coverage Under a Qualified Health Plan. For taxable years beginning in 2022, the limitation on tax imposed under § 36B(f)(2)(B) for excess advance credit payments is determined using the following table:

If the household income The limitation amount for The limitation amount for (expressed as a percent unmarried individuals all other taxpayers is: of poverty line) is: (other than surviving spouses and heads of household) is:

Less than 200% $325

$650 At least 200% but less than 300% $825

$1,650 At least 300% but less than 400% $1,400 $2,800

.08 Rehabilitation Expenditures Treated as Separate New Building. For calendar year 2022, the per low-income unit qualified basis amount under § 42(e)(3)(A)(ii)(II) is $7,400. .09 Low-Income Housing Credit. For calendar year 2022, the amount used under § 42(h)(3)(C)(ii) to calculate the State housing credit ceiling for the low-income housing credit is the greater of (1) $2.60 multiplied by the State population, or (2) $2,975,000.