The new senior tax deduction phases out at 6% for every $1,000 in MAGI exceeding $75,000 for single filers and $150,000 for married joint filers, disappearing entirely at $150,000 MAGI for single filers and $250,000 for married joint filers.
reported by 4 outlets · Reported fact · first recorded Jul 8, 1:30 AM
How each outlet reported it
finance.yahoo.comUnrated · Jul 8, 12:45 AM
Seniors receive a $6,000 boost to their standard deduction, phasing out at income over $75,000 ($150,000 for married filing jointly)
Details: $6,000 boost; $75,000 single; $150,000 joint
finance.yahoo.comUnrated · Jul 8, 12:45 AM
The new senior tax deduction phases out at a rate of 6% for every $1,000 in Modified Adjusted Gross Income (MAGI) exceeding $75,000 for single filers and $150,000 for married joint filers.
Details: 6%; $75,000; $150,000
finance.yahoo.comUnrated · Jul 8, 12:45 AM
The senior tax deduction disappears at $150,000 MAGI for single filers and $250,000 for married joint filers.
Details: $150,000; $250,000
fool.comUnrated · Jul 8, 12:45 AM
The new senior tax deduction phases out at 6% for every $1,000 in MAGI exceeding $75,000 for single filers and $150,000 for married joint filers
Details: 6% phase-out; $75,000 single; $150,000 married
fool.comUnrated · Jul 8, 12:45 AM
The senior tax deduction disappears at $150,000 MAGI for single filers and $250,000 for married joint filers
Details: $150,000 single; $250,000 married
kiplinger.comUnrated · Jul 8, 12:45 AM
The senior deduction phases out entirely above $75,000 in modified adjusted gross income for single filers and $150,000 for joint filers
Details: $75,000; $150,000
pasadenastarnews.comUnrated · Jul 8, 12:45 AM
The senior deduction begins to phase out at $150,000 MAGI for married couples and $75,000 for singles.
Details: $150,000; $75,000