Level 1

posted Mar 22, 2018 1:09:00 PM

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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1 Replies

Expert Alumni

Apr 6, 2018 5:46:27 PM

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> Subchapter B > Part 1> § 68.