§ 68. Overall limitation on itemized deductions
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(a)In general 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 2⁄37 of the lesser of—
(1)such amount of itemized deductions, or
(2)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.
(b)Coordination with other limitations This section shall be applied after the application of any other limitation on the allowance of any itemized deduction.
(Added Pub. L. 101–508, title XI, § 11103(a), Nov. 5, 1990, 104 Stat. 1388–406; amended Pub. L. 103–66, title XIII, §§ 13201(b)(3)(E), 13204, Aug. 10, 1993, 107 Stat. 459, 462; Pub. L. 105–277, div. J, title IV, § 4004(b)(2), Oct. 21, 1998, 112 Stat. 2681–911; Pub. L. 107–16, title I, § 103(a), June 7, 2001, 115 Stat. 44; Pub. L. 112–240, title I, § 101(b)(2)(A), Jan. 2, 2013, 126 Stat. 2316; Pub. L. 115–97, title I, §§ 11002(d)(2), 11046(a), Dec. 22, 2017, 131 Stat. 2061, 2088; Pub. L. 115–141, div. U, title IV, § 401(a)(33), Mar. 23, 2018, 132 Stat. 1186; Pub. L. 119–21, title VII, § 70111(a), July 4, 2025, 139 Stat. 164.)
Inflation Adjusted Items for Certain Years
For inflation adjustment of certain items in this section, see Revenue Procedures listed in a table under section 1 of this title.
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Cited by 15 sections · top 11
U.S. Code
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- Public Law 112–240Entitled the “American Taxpayer Relief Act of 2012”
- Public Law 115–97To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018
- Public Law 107–16To provide for reconciliation pursuant to section 104 of the concurrent resolution on the budget for fiscal year 2002
- Public Law 105–276Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1999, and for other purposes
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- Pub. L. 101–508, title XI, § 11103(a)
- 104 Stat. 1388–406
- Pub. L. 103–66, title XIII
- 107 Stat. 459
- Pub. L. 105–277, div. J, title IV, § 4004(b)(2)
- 112 Stat. 2681–911
- Pub. L. 107–16, title I, § 103(a)
- 115 Stat. 44
- Pub. L. 112–240, title I, § 101(b)(2)(A)
- 126 Stat. 2316
- 131 Stat. 2061
- 132 Stat. 1186
- 139 Stat. 164
- Pub. L. 112–240, § 101(b)(2)(A)(i)
- Pub. L. 112–240, § 101(b)(2)(A)(ii)
- Pub. L. 107–16
- Pub. L. 105–277
- Pub. L. 103–66, § 13201(b)(3)(E)
- Pub. L. 103–66, § 13204
- 139 Stat. 165
- 131 Stat. 2088
- Pub. L. 112–240
- section 101(b)(3) of Pub. L. 112–240
- Pub. L. 107–16, title I, § 103(b)
- 115 Stat. 45
- Pub. L. 105–277, div. J, title IV, § 4004(c)(3)
- section 13201(b)(3)(E) of Pub. L. 103–66
- section 13201(c) of Pub. L. 103–66
- section 11103(e) of Pub. L. 101–508
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§ 68
Overall limitation on itemized deductions
U.S.C.×8
Stat.×4
Pub. L.×2
Stat. Comp.×1
Pub. L.Pub. L. 101–508, title XI, § 11103(a)
Stat.104 Stat. 1388–406
Pub. L.Pub. L. 103–66, title XIII
Stat.107 Stat. 459
Pub. L.Pub. L. 105–277, div. J, title IV, § 4004(b)(2)
Cites 34 · showing 10Cited by 15 across 4 sources