{"id":753,"date":"2017-10-31T11:24:54","date_gmt":"2017-10-31T11:24:54","guid":{"rendered":"http:\/\/www.irstaxapp.com\/?p=753"},"modified":"2017-10-31T11:29:29","modified_gmt":"2017-10-31T11:29:29","slug":"pease-limitation-calculator","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/pease-limitation-calculator\/","title":{"rendered":"Pease Limitation Calculator"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.irstaxapp.com\/pease-limitation-calculator\/pease-limitation-calculator-2\/\" rel=\"attachment wp-att-764\"><picture><source srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator-600x314.webp 600w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator-300x157.webp 300w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator-1024x536.webp 1024w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator.webp 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator.jpg\" height=\"628\" width=\"1200\" srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator-600x314.jpg 600w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator-300x157.jpg 300w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator-1024x536.jpg 1024w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2017\/10\/pease-limitation-calculator.jpg 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"aligncenter size-full wp-image-764 sp-no-webp\" alt=\"pease limitation calculator\" decoding=\"async\" loading=\"lazy\"  > <\/picture><\/a>Pease Limitation calculator is here to make the life of taxpayers easy ! As you know the Pease limitation\u00a0 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\u00a0 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\u00a0 <span style=\"color: #800080;\"><strong>is the lesser of<\/strong> <\/span><\/p>\n<ul>\n<li>3% of AGI\u00a0 over a threshold or<\/li>\n<li>by 80% of total deductions.<\/li>\n<\/ul>\n<p>The calculation\u00a0 is based on the <a href=\"https:\/\/www.irstaxapp.com\/answers\/what-is-agi-or-adjusted-gross-income\/\">adjusted gross income<\/a> (AGI) of the taxpayer . You can <a href=\"https:\/\/www.irstaxapp.com\/answers\/what-is-pease-limitation\/\">read what is pease<\/a> limitation here<\/p>\n<h2>Pease limitation calculator<\/h2>\n<p><iframe src='https:\/\/dl.dropboxusercontent.com\/spa\/rfpreufrritz7b1\/peaselimithtml\/peaselimithtml.htm' width='533' height='650' border='0' frameborder='0' ><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><\/iframe><\/p>\n<p>Care is taken to make the pease limitation calculator error free. Please give feedback if you find an error<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 36px; left: 20px;\">Save<\/span><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer;\">Save<\/span><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c  no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 36px; left: 20px;\">Save<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pease Limitation calculator is here to make the life of taxpayers easy ! As you know the Pease limitation\u00a0 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\u00a0 in the 33% marginal table [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[63],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/753"}],"collection":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/comments?post=753"}],"version-history":[{"count":0,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media\/764"}],"wp:attachment":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media?parent=753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/categories?post=753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/tags?post=753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}