You can receive full deduction on your 2016 tax return if you're filing single and earn $ 65,000 or less, or if you're married and file jointly with your spouse and your combined income is $ 135,000 or less. (thecollegeinvestor.com)
-- Full deduction if your MAGI is $ 65,000 or less — Partial deduction if your MAGI is between $ 65,000 and $ 80,000 — No deduction if your MAGI is $ 80,000 or more (gobankingrates.com)
So if Facebook's stock plummets after it's gifted to the Zuckerbergs» new foundation, the Zuckerbergs still get the full deduction value of the shares prior to the price decrease, tax experts say. (inc.com)