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New Member
posted Oct 29, 2019 10:18:52 PM

Age amount did not automatically fill in on Schedule 1

I was using Easy Step and filled in correctly my age etc. but nothing shows on line301.  Is there a reason?

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1 Best answer
New Member
Oct 29, 2019 10:18:54 PM

Hi

The age amount is a 'declining' credit.  If Net income is less that $35,466.00, the full credit of $7033 is applied.  If Net income is between $35,466 - $82,353, the credit is prorated.  If income is over $82,353, the credit is fully negated. 

Hope that helps!

Christine

1 Replies
New Member
Oct 29, 2019 10:18:54 PM

Hi

The age amount is a 'declining' credit.  If Net income is less that $35,466.00, the full credit of $7033 is applied.  If Net income is between $35,466 - $82,353, the credit is prorated.  If income is over $82,353, the credit is fully negated. 

Hope that helps!

Christine