Itemized Deductions Reduced for Higher-Income Taxpayers

Most, but not all itemized deductions are subject to an overall reduction rule if AGI exceeds the annual threshold. Itemized deductions are reduced by 3% of the excess of AGI over the threshold.  If AGI is extremely high, the 3% reduction applies until 80% of itemized deductions are eliminated.
The reduction in itemized deductions cannot exceed 80%, there cannot be a complete phaseout of itemized deductions; a minimum of 20% is protected from this dis-allowance.

Read more

Secure Document Portal

The security of your personal and financial information is of utmost importance. To protect your sensitive data and to comply with recent laws and regulations, we are implementing a secure online portal service for electronically sharing and storing tax documents. In addition to being secure, we believe you will find this method to be extremely convenient and time-saving.

Read more