If a taxpayer's adjusted gross income exceeds certain threshold amounts,he or she may be required to reduce the amount of the otherwise allowable deductions for itemized deductions and personal and dependency exemptions in 2013.

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This is correct as per the IRS guidelines for 2013. If a taxpayer's adjusted gross income exceeds certain threshold amounts, they may have to reduce the amount of itemized deductions and personal and dependency exemptions they can claim. This is known as the "Pease limitation."

If a Taxpayer's Adjusted Gross Income Exceeds Certain Threshold Amounts,he