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Will the itemized deductions limitations on AGI still apply when we complete our 2018 tax return?
I know right now they phase out at $313,800 for married filing joint returns and $156,900 for married filing separate. Is this going to be the same or higher for 2018 tax year?
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March 22, 2018
1:09 PM
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Get your taxes done using TurboTax
For tax year 2018, these limits (called the Pease limitations) have been suspended. You can see the details here: Cornell School of Law: Legal Information Institute: U.S Code> Title 26 >Subtitle A> Chapter 1> Subch....
April 6, 2018
5:46 PM