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For tax year 2018, based on the amount of the taxpayer's adjusted gross income (AGI), the amount of otherwise allowable itemized deductions will be reduced
For tax year 2018, based on the amount of the taxpayer's adjusted gross income (AGI), the amount of otherwise allowable itemized deductions will be reduced by what percent (%) on his or her California income tax return?
A. 2%
B. 5%
C. 6%
D. There will be no reduction on California tax returns as the Tax Cuts and Jobs Act repeals the overall limitation on itemized deductions
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