If you have a high adjusted gross income, for your 2017 tax return you may not be able to take all your itemized deductions, thanks to the Pease provision. Itemized deductions start to phase out at $156,900 if you are married filing separately ($261,500 for individuals, $287,650 if head of household, or $311,800 if filing jointly). Your itemized deductions are reduced by 3% of your adjusted gross income over these amounts, but they are never reduced by more than 80% of your otherwise allowable deductions.
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