'That '70s Show' Reunion: Cast Sings Show Theme Song Together. While a Friends reunion may be the talk of TV lately, anyone hoping for a That '70s Show gathering may have been met with a welcome surprise if they follow Danny Masterson on Instagram. We need Santa hats and caroling books.
1 If you and your partner file are married filing jointly, the IRA deduction begins to phase out when you reach $98,000 and tops out at $118,000. 2  This represents an increase of $2000 from 2014. If your filing status is head of household or single, your IRA tax deduction starts to phase out when your AGI reaches $61,000 and completely disappears when you reach $71,000.
Before 2010, higher-income taxpayers were subject to a phase-out rule that curtailed deductions for personal and dependent exemptions. That rule was gone for 2010, 2011 and 2012 but is back for 2013 and beyond. Also back is the phase-out of itemized deductions for high earners.