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 2016.

Question

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This is true under the rules of the phase-out of itemized deductions and personal and dependency exemptions. These phase-outs apply to taxpayers with adjusted gross incomes above certain thresholds.

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