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Author Question: When taxable income exceeds certain levels, the itemized deductions and exemptions (Read 61 times)

drink

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When taxable income exceeds certain levels, the itemized deductions and exemptions


◦ are reduced.
◦ are limited but may be carried over to future years.
◦ reach a maximum allowable amount.
◦ increase in proportion to increases in taxable income.


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Marked as best answer by drink on Apr 12, 2019

Mochi

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drink

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Reply 2 on: Apr 12, 2019
Wow, this really help


emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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