'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.
The tax deduction for personal tax exemptions begins phase out when AGI exceeds $305,050 for 2014 joint tax returns and $254,200 for 2014 single tax returns. Each tax exemption is reduced by 2% for each $2,500 by which one's AGI exceeds the threshold amount until the benefit of all tax exemptions is eliminated.