Modified Adjusted Gross Income (MAGI) Limit for tax credit qualification

If MAGI is above the limit, do you qualify for tax credit?

Possibly. It depends on your income. Partial credits of less than $7,500 are available for some taxpayers whose MAGI exceeds the phaseout limits. The credit becomes totally unavailble for individual taxpeyers with modifiyed adjusted gross income of more than $95,000 and for married taxpayers filling joint returns with an AGI of more than $170,000

Tomorrow, I will cover how partial credit is calculated...