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2016 – 2017 Itemized Deductions and Personal Exemption Phase-out Income Limit Changes To Adversely Affect Millions of Taxpayers

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[Updated for latest levels] Legislation a few years ago┬áraised the threshold for those required to pay higher tax rates to $400,000/$450,000 (single/married) and included provisions to restart limits on certain itemized deductions and personal exemptions that were phased out and eventually removed as part of the extended Bush-era tax cuts.┬áPEP and Pease were the two […]

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