Schedule A (Form 1040) - Reduction of Itemized Deductions

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Schedule A (Form 1040) - Reduction of Itemized Deductions

Beginning in 2013, itemized deductions may be reduced for taxpayers with Adjusted Gross Income (AGI) above:

$300,000 for married filing joint or qualifying widow(er)
$275,000 for head of household
$250,000 for single
$150,000 for married filing separate

If your AGI exceeds the amount listed for your filing status, your itemized deductions will be reduced by the lesser of:

3% of the AGI above the amount listed for your filing status or
80% of the amount of itemized deductions otherwise allowable

This reduction does not apply to medical and dental expenses, investment interest, or casualty or theft losses.