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Old 02-13-2020, 06:48 AM   #61
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Originally Posted by PatrickA5 View Post
Looking at a couple of links for 2020, it appears the Lifetime Learning Credit phaseout has increased to $118,001 - $138,000. Thanks!
Fixed. Thanks for catching that.

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Old 02-13-2020, 10:58 AM   #62
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^ Many of these levels (but not all) are tied to inflation, so it's a good idea to check the limits each year for any for which you might qualify and are close to the limits. AOTC, LLC, tax brackets, IRMAA levels, IRMAA premiums, and ACA income levels are all affected by inflation; there are likely others.

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Schedule E losses
Old 02-16-2020, 06:39 PM   #63
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Schedule E losses

How about the limitations on deducting rental real estate losses from income starting at MAGI of $100,000 and eliminated at $150,000. Below MAGI of $100,000, losses up to $25,000 can be deducted.

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