Phase-out of itemized deductions
Answer:
There is a phase-out of itemized deductions for taxpayers with AGI above $259,400 (individual filers), $311,300 (MFJ) and $285,350 for head of households.
The total reduction can not be more than 80% of the gross itemized deductions.
The total reduction can not be more than 80% of the gross itemized deductions.
