Itemized Deductions - Limit
Total itemized deductions for "High Income Taxpayers" (taxpayers whose income is greater than $254,200 if Single, $279,650 if Head of Household, $305,050 if Married Filing Jointly and $152,525 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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