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The itemized deductions of taxpayers in high-income brackets will be limited to the lesser of...

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Accounting

The itemized deductions of taxpayers in high-income brackets will be limited to the lesser of 6% of the excess of adjusted gross income over the threshold amount or 80% of the amount of itemized deductions otherwise allowable for the tax year. For 2022, the California threshold is what amount for a single taxpayer

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