Common use of Tax Credit for Contributions Clause in Contracts

Tax Credit for Contributions. You may be eligible to receive a tax credit on your XXX contributions equaling a percentage of your qualified retirement savings contributions not exceeding $2,000. 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 • Not a full-time student The credit is based upon your income (see the following chart) and will range from 0% to 50% of eligible contributions. In order to determine the amount of your qualified retirement savings contributions, add all of the contributions made to your Traditional XXX 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. ADJUSTED GROSS INCOME* JOINT RETURN HEAD OF A HOUSEHOLD ALL OTHER CASES APPLICABLE PERCENTAGE Over Not Over Over Not Over Over Not Over $0.00 $32,000 $0.00 $24,000 $0.00 $16,000 50 $32,000 $34,500 $24,000 $25,875 $16,000 $17,250 20 $34,500 $53,000 $25,875 $39,750 $17,250 $26,500 10 $53,000 $39,750 $26,500 0 *Adjusted gross income includes foreign earned income and income from Guam, American Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006.

Tax Credit for Contributions. You may be eligible to receive a tax credit on your XXX IRA contributions equaling a percentage of your qualified retirement savings contributions not exceeding $2,000. This credit will be allowed in addition to any tax deduction reduction of your taxable income 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 The age of 18 or older, as of the close of the taxable year • Not a dependent of another taxpayer • Not a full-time student The credit is based upon your income (see the following chartchart below) and will range from 0% to 50% of eligible contributions. In order to determine the amount of your qualified retirement savings contributions, add all of the contributions made to your Traditional XXX or Xxxx XXX SIMPLE 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. ADJUSTED GROSS INCOME* INCOME JOINT RETURN HEAD OF A HOUSEHOLD ALL OTHER CASES APPLICABLE PERCENTAGE % Over Not Over Over Not Over Over Not Over $0.00 30,000 $32,000 22,500 $0.00 $24,000 $0.00 $16,000 15,000 50 $32,000 30,000 $34,500 32,500 $24,000 22,500 $25,875 24,375 $16,000 15,000 $17,250 16,250 20 $34,500 32,500 $53,000 50,000 $25,875 24,375 $39,750 37,500 $17,250 16,250 $26,500 25,000 10 $53,000 50,000 $39,750 37,500 $26,500 25,000 0 *Adjusted gross income includes foreign earned income and income from Guam, American Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006.

Tax Credit for Contributions. You may be eligible to receive a tax credit on your XXX IRA contributions equaling a percentage of your qualified retirement savings contributions not exceeding $2,000. 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 • > Not a full-time student The credit is based upon your income (see the following chart) and will range from 0% to 50% of eligible contributions. In order to determine the amount of your qualified retirement savings contributions, add all of the contributions made to your Traditional XXX 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. ADJUSTED GROSS INCOME* JOINT RETURN HEAD OF A HOUSEHOLD ALL OTHER CASES APPLICABLE PERCENTAGE Joint Return Head of a Household All Other Cases Applicable Percentage Over Not Over Over Not Over Over Not Over $0.00 $32,000 $0.00 $24,000 $0.00 $16,000 50 $32,000 $34,500 $24,000 $25,875 $16,000 $17,250 20 $34,500 $53,000 $25,875 $39,750 $17,250 $26,500 10 $53,000 $39,750 $26,500 0 *Adjusted gross income includes excludes foreign earned income and income from Guam, American Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006.

Tax Credit for Contributions. You may be eligible to receive a tax credit on your XXX contributions equaling a percentage of your qualified retirement savings contributions not exceeding $2,000. This credit will be allowed in addition to any tax deduction reduction of your taxable income 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 The age of 18 or older, as of the close of the taxable year • Not a dependent of another taxpayer • Not a full-time student The credit is based upon your income (see the following chartchart below) and will range from 0% to 50% of eligible contributions. In order to determine the amount of your qualified retirement savings contributions, add all of the contributions made to your Traditional XXX or Xxxx SIMPLE 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. ADJUSTED GROSS INCOME* INCOME JOINT RETURN HEAD OF A HOUSEHOLD ALL OTHER CASES APPLICABLE PERCENTAGE % Over Not Over Over Not Over Over Not Over $0.00 30,000 $32,000 22,500 $0.00 $24,000 $0.00 $16,000 15,000 50 $32,000 30,000 $34,500 32,500 $24,000 22,500 $25,875 24,375 $16,000 15,000 $17,250 16,250 20 $34,500 32,500 $53,000 50,000 $25,875 24,375 $39,750 37,500 $17,250 16,250 $26,500 25,000 10 $53,000 50,000 $39,750 37,500 $26,500 25,000 0 *Adjusted gross income includes foreign earned income and income from Guam, American Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006.