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Last Updated: 12/28/2015

Federal Itemized Deduction phaseout

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Taxpayers whose federal itemized deductions were limited and these limited federal itemized deductions are less than their allowable standard deduction are allowed to take a subtraction.

The subtractions will be the smaller of:

  • The difference between the federal itemized deductions and the standard deduction they would have been allowed, or
  • The difference between the limited and unlimited federal itemized deductions.