There's such a thing as the child tax credit income phase - out. (smartasset.com)
A taxpayer with real estate professional status is able to deduct all net passive loss from residential rental activities without regard to the $ 25K net passive loss limitation or the high income phase out rule. (biggerpockets.com)
With the increased AMT income phase - out threshold to $ 1m for married filing jointly, the vast majority of high - income W2 earners subject to AMT taxes in California will still be better off under the new tax plan, despite the loss of SALT deductions. (financialsamurai.com)