1999 Tax Help Archives  

Pub. 17, Chapter 22 - Limit on Itemized Deductions

Are You Subject to the Limit?

This is archived information that pertains only to the 1999 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Download: Form 1040 • 1040 Instructions PDF or HTML
Schedule A & BForm 1040AForm 1040EZTax Tables

You are subject to the limit on certain itemized deductions if your adjusted gross income (AGI) is more than $126,600 ($63,300 if you are married filing separately). Your AGI is the amount on line 34 of your Form 1040.

This limit does not apply to estates or trusts.


Which Deductions Are Limited?

Schedule A (Form 1040) deductions subject to the overall limit are:

  • Taxes -- line 9,
  • Interest -- lines 10, 11, and 12,
  • Gifts to charity -- line 18,
  • Job expenses and most other miscellaneous deductions -- line 26, and
  • Other miscellaneous deductions -- line 27 less gambling losses.

Which Deductions Are Not Limited?

The Schedule A (Form 1040) deductions listed next are not subject to the overall limit on itemized deductions. However, they are still subject to other applicable limits.

  • Medical and dental expenses--line 4.
  • Investment interest expense--line 13.
  • Nonbusiness casualty and theft losses--line 19.
  • Gambling losses--line 27.

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