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2018 Tax Law Changes

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  4. 2018- Itemized deductions-3%Limitation

2018- Itemized deductions-3%Limitation

For tax years beginning after December 31, 2017 and before January 1, 2026, the overall itemized deduction limitation of 3% of the excess of AGI over the threshold amount (applicable to certain itemized deductions) is suspended.

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