Common use of Tax Credit for Contributions Clause in Contracts

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: • Age 18 or older as of the close of the taxable year, • Not a dependent of another taxpayer, and • Not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 * Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Is- lands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: are • Age age 18 or older as of the close of the taxable year, • Not not a dependent of another taxpayer, and • Not not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Income*‌‌‌‌‌ Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 * *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Is- landsIslands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: • Age age 18 or older as of the close of the taxable year, ; • Not not a dependent of another taxpayer, ; and • Not not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions contributions made to your Traditional IRA or Xxxx XXX and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases Applicable Percentage $1–38,500 1 - 39,000 $1–28,875 1 - 29,250 $1–19,250 1 - 19,500 50 $38,501–41,500 39,001 - 42,500 $28,876–31,125 29,251 - 31,875 $19,251–20,750 19,501 - 21,250 20 $41,501–64,000 42,501 - 65,000 $31,126–48,000 31,876 - 48,750 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 21,251 - 32,500 10 Over $65,000 Over $48,750 Over $32,500 0 2021 Adjusted Gross Income* Joint Return Head of a Household All Other Cases Applicable Percentage $1 - 39,500 $1 - 29,625 $1 - 19,750 50 $39,501 - 43,000 $29,626 - 32,250 $19,751 - 21,500 20 $43,001 - 66,000 $32,251 - 49,500 $21,501 - 33,000 10 Over $66,000 Over $49,500 Over $33,000 0 *Adjusted gross income (AGI) includes foreign foreign-earned income and income from Guam, America Samoa, North Mariana Is- landsIslands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: are • Age age 18 or older as of the close of the taxable year, • Not not a dependent of another taxpayer, and • Not not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $38,501–41,500 $41,501–64,000 Over $64,000 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 $1–19,250 $19,251–20,750 $20,751–32,000 Over $32,000 50 20 10 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $39,001–42,500 $42,501–65,000 Over $65,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 $1–19,500 $19,501–21,250 $21,251–32,500 Over $32,500 50 20 10 0 * *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Is- landsIslands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, apply and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: • ▪ Age 18 or older as of the close of the taxable year, • ▪ Not a dependent of another taxpayer, and • ▪ Not a full-time student. student The credit is based upon your income (see chart below), ) and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 50% $38,501–41,500 $28,876–31,125 $19,251–20,750 20 20% $41,501–64,000 $31,126–48,000 $20,751–32,000 10 10% Over $64,000 Over $48,000 Over $32,000 0 32,500 0% 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 50% $39,001–42,500 $29,251–31,875 $19,501–21,250 20 20% $42,501–65,000 $31,876–48,750 $21,251–32,500 10 10% Over $65,000 Over $48,750 Over $32,500 0 * 0% *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Is- landsIslands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional Tra- ditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: are • Age age 18 or older as of the close of the taxable year, • Not not a dependent of another taxpayer, and • Not not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributionscontri- butions, add all of the contribu- tions contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit cred- it is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 2017 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 1-37,000 $1–28,875 1-27,750 $1–19,250 1-18,500 50 $38,501–41,500 37,001-40,000 $28,876–31,125 27,751-30,000 $19,251–20,750 18,501-20,000 20 $41,501–64,000 40,001-62,000 $31,126–48,000 30,001-46,500 $20,751–32,000 20,001-31,000 10 Over $64,000 62,000 Over $48,000 46,500 Over $32,000 31,000 0 2020 2018 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 1-38,000 $1–29,250 1-28,500 $1–19,500 1–19,000 50 $39,001–42,500 38,001-41,000 $29,251–31,875 28,501-30,750 $19,501–21,250 19,001–20,500 20 $42,501–65,000 41,001-63,000 $31,876–48,750 30,751-47,250 $21,251–32,500 20,501–31,500 10 Over $65,000 63,000 Over $48,750 47,250 Over $32,500 31,500 0 * *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Is- landsIslands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: • Age 18 or older as of the close of the taxable year, • Not a dependent of another taxpayer, and • Not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 2017 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 1 - 37,000 $1–28,875 1 - 27,750 $1–19,250 1 - 18,500 50 $38,501–41,500 37,001 - 40,000 $28,876–31,125 27,751 - 30,000 $19,251–20,750 18,501 - 20,000 20 $41,501–64,000 40,001 - 62,000 $31,126–48,000 30,001 - 46,500 $20,751–32,000 20,001 - 31,000 10 Over $64,000 62,000 Over $48,000 46,500 Over $32,000 31,000 0 2020 XVII. Individual Retirement Custodial Account Agreement 2018 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 1 - 38,000 $1–29,250 1 - 28,500 $1–19,500 1 - 19,000 50 $39,001–42,500 38,001 - 41,000 $29,251–31,875 28,501 - 30,750 $19,501–21,250 19,001 - 20,500 20 $42,501–65,000 41,001 - 63,000 $31,876–48,750 30,751 - 47,250 $21,251–32,500 20,501 - 31,500 10 Over $65,000 63,000 Over $48,750 47,250 Over $32,500 31,500 0 * Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Is- lands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA or Xxxx XXX contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: • Age age 18 or older as of the close of the taxable year, ; • Not not a dependent of another taxpayer, ; and • Not not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 2021 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases Applicable Percentage $1–38,500 1 - 39,500 $1–28,875 1 - 29,625 $1–19,250 1 - 19,750 50 $38,501–41,500 39,501 - 43,000 $28,876–31,125 29,626 - 32,250 $19,251–20,750 19,751 - 21,500 20 $41,501–64,000 43,001 - 66,000 $31,126–48,000 32,251 - 49,500 $20,751–32,000 21,501 - 33,000 10 Over $64,000 66,000 Over $48,000 49,500 Over $32,000 33,000 0 2020 2022 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases Applicable Percentage $1–39,000 1 - 41,000 $1–29,250 1 - 30,750 $1–19,500 1 - 20,500 50 $39,001–42,500 41,001 - 44,000 $29,251–31,875 30,751 - 33,000 $19,501–21,250 20,501 - 22,000 20 $42,501–65,000 44,001 - 68,000 $31,876–48,750 33,001 - 51,000 $21,251–32,500 22,001 - 34,000 10 Over $65,000 68,000 Over $48,750 51,000 Over $32,500 34,000 0 * *Adjusted gross income (AGI) includes foreign foreign-earned income and income from Guam, America Samoa, North Mariana Is- landsIslands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

Tax Credit for Contributions. You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are: are • Age age 18 or older as of the close of the taxable year, • Not not a dependent of another taxpayer, and • Not not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contribu- tions contributions made to your Traditional IRA and reduce these contributions by any distributions that you thatyou have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 2017 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 1 - $1–28,875 37,000 $1–19,250 50 1 - $38,501–41,500 27,750 $28,876–31,125 1 - $19,251–20,750 20 18,500 50% $41,501–64,000 37,001 - $31,126–48,000 40,000 $20,751–32,000 10 27,751 - $30,000 $18,501 - $20,000 20% $40,001 - $62,000 $30,001 - $46,500 $20,001 - $31,000 10% Over $64,000 62,000 Over $48,000 46,500 Over $32,000 0 2020 31,000 0% 2018 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 1 - $1–29,250 38,000 $1–19,500 50 1 - $39,001–42,500 28,500 $29,251–31,875 1 - $19,501–21,250 20 19,000 50% $42,501–65,000 38,001 - $31,876–48,750 41,000 $21,251–32,500 10 28,501 - $30,750 $19,001 - $20,500 20% $41,001 - $63,000 $30,751 - $47,250 $20,501 - $31,500 10% Over $65,000 63,000 Over $48,750 47,250 Over $32,500 0 * 31,500 0% *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Is- landsIslands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.