Help with understanding appreciate

[Felicia West]

Hi there!  I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate.  

My main question is regarding depreciation.  My husband and I are high wage earners, so from what I understand, you can’t claim depreciation against your W2 income after a certain income level, but can you still claim depreciation on income made from profits on a rental after you’ve surpassed the income limit or is that still phased out?

Would there be other tax benefits for high wage earners and what would those be?  What would we be able to write off?

Thank you for any info you can provide.