26 U.S.C. § 68
§ 68. Overall limitation on itemized deductions
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History
Changed by the 2025 tax lawAdded in 1990 by the Omnibus Budget Reconciliation Act of 1990. Last changed July 4, 2025 by the One Big Beautiful Bill Act (2025).
Every change, newest first (8)
- July 4, 2025One Big Beautiful Bill Act (2025)
- March 23, 2018Consolidated Appropriations Act, 2018
- December 22, 2017Tax Cuts and Jobs Act (2017)
- January 2, 2013American Taxpayer Relief Act of 2012
- June 7, 2001Economic Growth and Tax Relief Reconciliation Act of 2001
- October 21, 1998Public Law 105-277
- August 10, 1993Omnibus Budget Reconciliation Act of 1993
- November 5, 1990Omnibus Budget Reconciliation Act of 1990 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
In the case of an individual, the amount of the itemized deductions otherwise allowable for the taxable year (determined without regard to this section) shall be reduced by ⁄37 of the lesser of—
such amount of itemized deductions, or
so much of the taxable income of the taxpayer for the taxable year (determined without regard to this section and increased by such amount of itemized deductions) as exceeds the dollar amount at which the 37 percent rate bracket under section 1 begins with respect to the taxpayer.
This section shall be applied after the application of any other limitation on the allowance of any itemized deduction.