Sentences with phrase «deduction begins phasing»

For 2016, the value of the Tuition and Fees Deduction begins phasing out at AGIs of $ 65,000 ($ 130,000 if married filing jointly).

The deduction begins phasing out at modified adjusted income of $ 189,000, and disappears entirely at $ 199,000.

Not exact matches

If your income is between $ 65,000 and $ 80,000, or between $ 135,000 and $ 165,000 if «married, filing jointly,» your deduction begins to phase out and its value is reduced.

The deduction amount begins to phase out for individuals with MAGIs of more than $ 65,000 and couples with more than $ 165,000.

Your deduction begins to decrease (phase out) when your income rises above a certain amount and is eliminated altogether when it reaches a higher amount.

However, note the deduction begins to phase out once your Adjusted Gross Income reaches $ 100,000 and disappears entirely when your AGI surpasses $ 109,000.

You can claim student loan interest on your taxes, however the student loan interest deduction begins to phase out if your adjusted gross income (AGI) is:

The new law increased the maximum amount that can be expensed in 2018 from $ 520,000 to $ 1,000,000, and the threshold at which the maximum deduction begins to phase out from $ 2,070,000 to $ 2,500,000.

Pass through in the Senate version (most likely): 23 % deduction, phasing out for professional service income beginning at $ 250,000.

If your adjusted gross income (AGI) is more than $ 100,000, the deduction amount begins to phase out.