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The new $6,000 deduction begins phasing out at a Modified Adjusted Gross Income (MAGI) over $75,000 for single filers and $150,000 for married couples filing jointly.
By Richard FreibergThe new $6,000 deduction begins phasing out at a Modified Adjusted Gross Income (MAGI) over $75,000 for single filers and $150,000 for married couples filing jointly.