aze045
New Member

Deductions & credits

I'm having similar question. Assume MAGI of $200k. MFJ phase out starts at $150k. Line 33 is $50k Line 34 x by 6% = $3,000. Line 35 runs math as $6,000 - $3,000 = $3,000. Line 36a & 36b both show $3,000, line 37 totals as $6,000.  

Since we are filing jointly; shouldn't Line 35 run math as $12,000 - $3,000 = $9,000 or $4,500 for each? 

Someone please explain this.