If your MAGI is above $75k, your senior tax deduction will be reduced by 6 cents for every dollar of income exceeding $75k.
For example, let's say that your MAGI is $90k as a single filer, age 65. Here's how the deduction will be reduced:
$90k - $75 = $15k
$15k * $0.06 = $900
$6k - $900 = $5100 = your senior tax deduction
Here's another example to test it. Let's say that your MAGI is $174,999.
$174,999 - $75k = $99,999
$99,999 * $0.06 = $5,999.94
$6k - $5,999.94 = $0.06 = your senior tax deduction
I hope that helps! I'll keep an eye out in case you have a follow-up question. Thanks!
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