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Pease Limitation Calculator

pease limitation calculatorPease Limitation calculator is here to make the life of taxpayers easy ! As you know the Pease limitation  was added to the Internal Revenue Code under section 68 in the year 1991. This provision limits the amount of certain itemized deductions . The Pease limitation affects taxpayers who are  in the 33% marginal table rates and above. In effect , this limitation on deduction actually garners more dollars for federal government from rich tax payer without raising tax rates for them.The reduction amount  is the lesser of

The calculation  is based on the adjusted gross income (AGI) of the taxpayer . You can read what is pease limitation here

Pease limitation calculator

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