In 2013, the IRS began limiting itemized deductions. For 2017, itemized deductions may be reduced for taxpayers with Adjusted Gross Income (AGI) above:

• $313,800 for married filing joint or qualifying widow(er)
• $287,650 for head of household
• $261,500 for single
• $156,900 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.