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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Steve Mac who wrote (22132)	11/12/2025 1:07:46 PM
From: Markbn	Read Replies (1) \| Respond to of 23886

RE: Here's what I found on H&R Block: hrblock.com Good stuff. I wonder if it will be an actual $0.06 per dollar, or if the phase-out range will be broken into $1,000 ranges, or so. Meaning if a taxpayer, using your scenario, is anywhere from $0.01 to $1,000.00 over the $75,000 MAGI, the deduction will be $60.00, and if over by $1,000.01 - $2,000.00, the deduction will be lowered by $120.00,, et al.

To: Steve Mac who wrote (22132)	11/12/2025 1:40:30 PM
From: Max2.0	Respond to of 23886

Good to know and I will take anything I can get. With that said these numbers still represent peanuts. Lets say, I expend energy to manipulate my retirement finances/income/expenditures to get the full $6000 deduction (I am 70 and wifey is 61). At a 22% tax rate, that saves me $1,320 for the year? This translates to 0.8% of $150K. If I balance that against our portfolio bouncing up and down by $30K on a daily basis, the $1320 savings doesn't appear all that significant.