Pease 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
- 3% of AGI over a threshold or
- by 80% of total deductions.
The calculation is based on the adjusted gross income (AGI) of the taxpayer . You can read what is pease limitation here
Pease limitation calculator
Your browser does not support iframes.
Your browser does not support iframes.
Care is taken to make the pease limitation calculator error free. Please give feedback if you find an error
Post Disclaimer
While the information on this site - Internal Revenue Code Simplified-is about legal issues, it is not legal advice or legal representation. Because of the rapidly changing nature of the law and our reliance upon outside sources, we make no warranty or guarantee of the accuracy or reliability of information contained herein.