Phase-Outs, 138 Exam 2

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Last updated 1:38 AM on 5/26/26
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8 Terms

1
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Excess Business Loss

± 313,000/626,000 of business income

2
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Health Savings

Up to 4300 Individual, 8550 for family coverage

3
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Interest on Edu Loans

  • Up to 2500 or interest paid

  • 85k to 100k or 170k to 200k

  • Phase out by % progress from 85 to 100

4
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SALT

  • Up to 20,000(MFS)/40,000(MFJ)

  • Cap cannot drop below 5,000/10,000

  • Phase out by taking amount over cap times 30%

5
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Overtime

  • 12500/25000

  • Phase out by 100’s, round

6
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Tips

  • 25000

  • Phase out by 100’s, round

7
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Senior

  • 6000

  • Phase out by taking the amount over the cap times 6%

8
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Car Interest

  • 10,000

  • Phase out 200 for every 1000 above the cap