Itemized deductions are subject to a phase-out based on AGI for certain high-income taxpayers.

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Itemized deductions are subject to a phase-out based on AGI for taxpayers whose AGI exceeds a certain threshold. This phase-out begins at an AGI of $313,800 for married taxpayers filing jointly and $261,500 for single taxpayers in 2021. The total amount of itemized deductions a taxpayer can claim is reduced by 3% of the amount by which their AGI exceeds the threshold, up to a maximum reduction of 80% of their itemized deductions.

Itemized Deductions Are Subject to a Phase-Out Based on AGI