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.

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Tax Glossary

Original issue discount (OID)

The difference between the face value of a bond and its original issue price. OID is reported on an annual basis as interest income.

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