New Limits On Deductions Into Your Tax Planning

Posted on Friday, November 08, 2013

As you begin your year-end tax planning review, keep in mind the return of the limitation on itemized deductions and personal exemptions for higher-income taxpayers. When you're married filing jointly and your adjusted gross income is more than $300,000, the amount you can claim for these two items is reduced. The threshold is $250,000 if you file as a single.

Posted in Tax And Accounting Topics For Business

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