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It's $10,200, but TT has to wait until the IRS issues procedures for handling this (as well as all the other provisions in the new tax law).
Will $150,000 be a sharp cutoff or is there some kind of prorated formula as well?
In other words, if you make 150,001 you do not get that tax break?
I have found nothing on this on the Internet.
MAGI must be less then $150K.
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