Itemized Deductions - Limit
Total itemized deductions for "High Income Taxpayers" (taxpayers whose income is greater than $250,000 if Single, $275,000 if Head of Household, $300,000 if Married Filing Jointly and $150,000 if Married Filing Separately) will be reduced by 3% of the income over the threshold amount for their filing status. The reduction is limited to 80% of total allowable itemized deductions. The standard deduction is not reduced or limited.
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