Rosenthal & Rosenthal, LLC

Well, it's finally arrived: the sunset of a number of lingering provisions, and the renaissance of some much hated things, such as the PEASE and PEP itemized deduction and personal exemption phaseouts. Those, coupled with other niceties, such as the increase in the floor for deductible medical expenses form 7.5% of AGI to 10%, will hit a number of clients particularly hard.