Submitted By: someone
Answered: January 4, 2019 12:53 am

Is there a limit on itemized deductions for high-income taxpayers?

For 2018 through 2025, there is no phase-out of itemized deductions for high-income taxpayers.

advertisement
Tax Glossary

Annuity

An annual payment of money by a company or individual to a person called the annuitant. Payment is for a fixed period or the life of the annuitant. Tax consequences depend on the type of contract and funding.

More terms