What is the 2% rule for miscellaneous deductions?
What is the 2% rule for miscellaneous deductions? 26 U.S. Code § 67 - 2-percent floor on miscellaneous itemized deductions. In the case of an individual, the miscellaneous itemized deductions for any taxable year shall be allowed only to the extent that the aggregate of such deductions exceeds 2 percent of adjusted gross income.
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