| MAGI | $150,000 or less | $175,000 | $200,000 | $225,000 | $250,000+ |
|---|---|---|---|---|---|
| Allowable deduction | $12,000 | $9,000 | $6,000 | $3,000 | $0 |
Disclosure Title
Source:
Disclosure
irs.gov.
Deduction phases out by 6% of excess MAGI. For spouses where both qualify, each $6,000 deduction is reduced by 6% of the excess. For illustrative purposes only.