Deductions & credits


@srajkowski wrote:

MAGI was over 200,000, but less than 250,000.  The allowable deduction should have been around $6200.  Only had about $1500 in interest,


 

 

The phase-out doesn't reduce the maximum amount, it reduces the allowable amount.

 

You said $6200, so I think you mean the phase-out is reducing things by $3800.  You only had $1500 of interest, so subtracting $3800 from that result in a $0 deduction.