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Submitted By: someone
Answered: January 4, 2019 12:53 am
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.
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Tax Glossary
Inter vivos or lifetime trust
A trust created during the lifetime of the person who created the trust. If irrevocable, income on the trust principal is generally shifted to the trust beneficiaries.
