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Federal Acquisition Regulation32.803© The contracting officer shall insert the clause at 52.23222, Limitation of Funds, in solicitations and contracts if an incrementally funded cost reimbursement

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What is 23222 limitation?

23222 limitation refers to the maximum amount of income that can be excluded in a tax return.

Who is required to file 23222 limitation?

Individuals who have income below the 23222 limitation threshold are required to file for it.

How to fill out 23222 limitation?

To fill out 23222 limitation, individuals need to report their total income and calculate if it falls below the limitation threshold.

What is the purpose of 23222 limitation?

The purpose of 23222 limitation is to provide tax relief to individuals with lower income levels.

What information must be reported on 23222 limitation?

Individuals must report their total income and any deductions or credits that apply to them.

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