itemized deduction made tricky

既使用itemized deduction， 买房子的利息/房地产税未必100%抵税。 how much you can deduct, again, depends on your AGI.

please refer to line 29 of form 1040 Sch A and its instruction. Here, $166,800 (joint)/$83,400 (seperately) are the 2 magic numbers for year 2010, i.e. the tax thresholds which vary from year to year.

That myth of sch A makes a lots higher income makers puzzled.