Married taxpayers with adjusted gross income of more than $160,000 cannot contribute, nor can singles with adjusted gross income of more than $110,000.
The CompleteTax program is free to people with adjusted gross incomes of less than $33,000.
EA revenues are forecast at around $1.20bn with adjusted revenue at $700m.
Under his proposal, only individuals with adjusted gross incomes of less than $50,000 or joint filers with adjusted gross incomes of less than $75,000 could take part.
Single filers with adjusted gross incomes under $65,000 (or $130,000 for joint filers) can deduct up to $4,000 for education expenses.
For those people with adjusted gross income above $500,000, the tax rate jumps to 7.7percentt on all of their taxable income.
He would raise the top tax bracket to 39.6percentt from 33percentt for individuals with adjusted gross incomes of more than $143,500.
But those encouraging noises were overshadowed by a tumble in print advertising, with adjusted pre-tax profits almost halving to £8m.
Eligibility for this tax break begins to phase out for single people with adjusted gross income over $125,000 or $250,000 for married couples filing jointly.
The credit begins to phase out for individual taxpayers with adjusted gross incomes over $80,000 or $160,000 for married couples filing jointly.
The credit phases out for single taxpayers with adjusted gross incomes that exceed $75,000 (or $150,000 for married couples filing jointly).
