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February 14, 2021
Question

Does supplemental income loss phase out?

  • February 14, 2021
  • 1 reply
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Our income increased in 2020 where it crossed the 125K threshhold.  Does supplemental loss phase out at that level

1 reply

ColeenD3
February 14, 2021

Yes, it actually phases out earlier.

 

The exception decreases as your modified adjusted gross income (MAGI) goes above $100,000 and is completely phased when your MAGI exceeds $150,000.