The deduction fades by 6 percent of income above $75,000
What the document says“the $6,000 amount in clause (i) shall be reduced (but not below zero) by 6 percent of so much of the taxpayer's modified adjusted gross income as exceeds $75,000 ($150,000 in the case of a joint return).”
The section reduces the $6,000 amount, but not below zero, by 6 percent of the taxpayer's modified adjusted gross income above $75,000, or $150,000 on a joint return. Modified adjusted gross income means adjusted gross income increased by any amount excluded from gross income under section 911, 931 or 933. The deduction is not allowed for a qualified individual unless the taxpayer puts that person's social security number on the return, with social security number taking the meaning given in section 24(h)(7).
What the document actually says“the $6,000 amount in clause (i) shall be reduced (but not below zero) by 6 percent of so much of the taxpayer's modified adjusted gross income as exceeds $75,000 ($150,000 in the case of a joint return).”
The $6,000 shrinks as income rises. It drops by 6 cents for each dollar over $75,000. On a joint return the line is $150,000. It never drops below zero.
Income here counts some money earned abroad. The number must also appear on the tax return. Without it the deduction is not allowed.
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