| Modified Adjusted Gross Income (MAGI) | Allowable Deduction |
|---|---|
| $129,000 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 $129,000 and $149,000 | A partial deduction based on your MAGI |
| $149,000 or more | No deduction |