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what is the 2021 itemized deduction phaseout amount for a single taxpayer? a. $261500 b. $287650 c. 3% of adjusted gross income d. The tax

what is the 2021 itemized deduction phaseout amount for a single taxpayer?

a. $261500

b. $287650

c. 3% of adjusted gross income

d. The tax cuts and Jobs act of 2017 suspended this limit for tax years 2018 through 2025. Unless there is a change in the law, the limitation will begin again in 2026

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