However, the more you make, the tougher it may be to qualify. For 2021, eligibility starts to phase out once your modified adjusted gross income, or MAGI, exceeds $80,000 ($160,000 for couples filing together). You can't claim the write-off with MAGI...
The tax breaks would phase out gradually for individuals who earn between $50,000 and $70,000, and for couples filing jointly who earn between $80,000 and $100,000. 鈥
If Harvard Business School were to ask corporations or government to give them money so that students didn't have to pay, it might be fairly pointed out that most MBAs were in school out of naked self-interest. Why should Joe Sixpack pay for a 25 year-old $100,000/year McKinsey drone'...
The MIRR calculation was simple but a little more obscure – those who assumed that the cost of capital (12.5%) applied to both the return and investment phases gained some credit but could not score full marks as the question made clear the different rate for the return phase. The work ...