At what AGI level, do these deductions start to phase out or become meaningless?
- posted
16 years ago
At what AGI level, do these deductions start to phase out or become meaningless?
For a couple filing joint in 2007, deductions are excluded by 3% of the excess over $156,400. So, from an example of this at
To be clear, a couple making $339K (uh, that's pretty high, as in top
1%) loses $5492 of their deductions.I suppose it can only become meaningless if their donations are so small the 3% wipes it out, but then, it was pretty meaningless in the first place, no?
Joe
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