[startupcfo]

My understanding is that this 25K allowance phases out starting at 100K AGI for *single* tax payers. The book implies that phasesouts still start at 100K for Married Filing Jointly. That sounds inconsistent with the rest of the tax code.

Does that mean the couple would be better off filing as Married Filing Separate so they could each deduct 25K for their first 100K of individual AGI?

BEC - 87 | 02/28
REG - 70 | 06/10, REMATCH | 08/30
AUD - XX | 09/10
FAR - XX | 12/10

[Anonymous]

This is from memory (dangerous), I think it's 100 for both, 50% reduction in the amount over 100, complete phase out @ 150. As to you second question, IDK.

[Author]

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