Corduroy Frog Posted March 25 Report Posted March 25 Have any phaseouts been adjusted for COLA or inflation? I can't think of any. If there are any, I would think the most likely ones are those associated with banking products, e.g. IRAs, Ables,529s etc. Quote
TexTaxToo Posted March 25 Report Posted March 25 I suppose it depends on what you mean by phaseouts - the starting point or the range - and do you mean this year or ever? The range doesn't usually increase, but the starting and ending points do. EIC phases in and out by income which is adjusted for inflation Income limit for IRA deduction phases out and is adjusted for inflation Income limit for contributing to Roth IRA phases out and is adjusted for inflation Income limit for taking student loan interest adjustment phases out and is adjusted Income limits for retirement savings credit phase down by percents and are adjusted Deductibility of long term care premiums phase down by age AMT exemption phases out by income which is adjusted The common phaseouts which are not adjusted are for CTC, ODC, CDCC, AOC, LLC, and tax-free SS. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.