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Deductions & credits
Yes, I used decreased when it could be the tax subsidy is decreased or eliminated depending on what your MAGI turns out to be.
Can you elaborate on "as the entire amount may be eliminated"? What specifically changed in the law regarding ACA and tax subsidy (or please point me to a location I can read up on it)?
Are you saying EE/I Bond Interest may be eliminated from the MAGI regardless of condition? What were the rules prior (I've scoured the IRS documents and don't see specific information covering EE/I Bond Interest & MAGI when the bond interest is used for Qualified Higher Education Expenses)?
Again, thank you.
March 13, 2021
6:15 AM