| Modified Adjusted Gross Income (MAGI) | Allowable Deduction |
|---|---|
| $81,000 or less | A full deduction up to the lesser of $7,500 ($8,600 if you're 50 or older) of your taxable compensation |
| Between $81,000 and $91,000 | A partial deduction based on your MAGI |
| $91,000 or more | No deduction |