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Strategies & Market Trends : Young and Older Folk Portfolio
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To: Balancedinvestor who wrote (22128)11/12/2025 10:54:03 AM
From: Markbn  Read Replies (1) of 23882
 
RE: - Senior Standard Deduction Bonus The IRS does not define the MAGI phase out calculation

I believe the calculation is as follows:

AGI, less untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest. Saw this on Turbo Tax's website back in July sometime.
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