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Taxation & Estate Planning
: TaxProf BlogSam Donaldson, Wikipedia, and 'The 2% Haircut'
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Check out this Wikipedia entry on § 67(a), the 2% floor on miscellaneous itemized deductions: The Two-Percent Haircut: The Two-Percent Haircut[1], otherwise known as the two-percent floor, is a limitation on miscellaneous itemized income tax deductions and is codified under Internal Revenue Code. I.R.C. § 67(a). ... [Fn.1: Samuel A....Full post as published by TaxProf Blog on July 15, 2010 (boomark / email).
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