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Deduction Limitations

The deduction may not exceed the "applicable dollar limit" which limits the amount of the deduction and sets modified AGI (MAGI) limitations on who can claim the deduction. (IRC §222(b)(1)) Note that unlike other deduction phaseouts, the tuition and fees deduction is not ratably reduced when the income exceeds the limit; instead, once the MAGI is above the limit, the deduction is immediately fully reduced.    

06.06.01 - Deduction Table

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