MFJ clients asked me if they will qualify for the senior deduction, with an AGI of $200K. It is phased out for (modified) AGI starting at 150K. However, it’s a slow phaseout – only 6% of the amount over the limit. So 6% of 50K excess is $3K, and they still get a $9K deduction. For single and HoH, the limit is 75K for the $6,000 deduction, with the same 6% phaseout rule.

Tips and Overtime: the phaseout for both is $100 for every $1,000 above the limit, so 10%.  It starts at 150K/300K for both of them. 

SALT: Phaseout is 30% of amount over $500K (regardless of filing status), but not below $10K.