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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
Foreign earned income exclusion
In 2007, up to $85,700 of foreign earned income is exempt from tax if a foreign residence or physical presence test is met.
