Limitations
(1) In general
(1)In general#
The credit allowed under subsection (a) to any taxpayer for any taxable year shall not exceed $1,700.
(2)Reduction based on State credit#
The amount allowed as a credit under subsection (a) for a taxable year shall be reduced by the amount allowed as a credit on any State tax return of the taxpayer for qualified contributions made by the taxpayer during the taxable year.