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

Partnership

An unincorporated business or income-producing entity organized by two or more persons. A partnership is not subject to tax but passes through to the partners all income, deductions, and credits, according to the terms of the partnership agreement.

More terms