I have read and seen enough examples to think I understand the phaseout between $100,000 and $150,000 under this rule, so why does the phaseout language suggest you get zero allowance over $100,000?? -- is there a typo and the $100,000 figure at the end of the below quote should be $150,000? As it reads, it does not make sense to me.. Thanks!
"Phaseout rule. The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross in- come that’s more than $100,000 ($50,000 if you’re married filing separately). If your modified adjusted gross income is $150,000 or more ($75,000 or more if you’re married filing separately), you generally can’t use the special allowance. This is because the special allowance is reduced to $0 since the modified adjusted gross income is over the $100,000 amount."
