# 26 U.S.C. § 67: 2-percent floor on miscellaneous itemized deductions

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t26_s67

## Section

- **Citation:** 26 U.S.C. § 67
- **Heading:** 2-percent floor on miscellaneous itemized deductions
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 16, 2026
- **Source:** Publisher's official text
- **Location:** Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter B—Computation of Taxable Income > PART I—DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC.

## Text

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.

(Added Pub. L. 99–514, title I, § 132(a) , Oct. 22, 1986 , 100 Stat. 2113 ; amended Pub. L. 100–647, title I, § 1001(f) , title IV, § 4011(a), Nov. 10, 1988 , 102 Stat. 3351 , 3655; Pub. L. 101–239, title VII, § 7814(f) , Dec. 19, 1989 , 103 Stat. 2414 ; Pub. L. 103–66, title XIII, § 13213(c)(2) , Aug. 10, 1993 , 107 Stat. 474 ; Pub. L. 105–277, div. J, title IV, § 4004(b)(1) , Oct. 21, 1998 , 112 Stat. 2681–910 ; Pub. L. 106–554, § 1(a)(7) [title III, § 319(2)] , Dec. 21, 2000 , 114 Stat. 2763 , 2763A–646; Pub. L. 115–97, title I, § 11045(a) , Dec. 22, 2017 , 131 Stat. 2088 ; Pub. L. 119–21, title VII, § 70110(a) , (b), July 4, 2025 , 139 Stat. 164 .)

## Nearby sections

- [26 U.S.C. § 61 Gross income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s61.md)
- [26 U.S.C. § 62 Adjusted gross income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s62.md)
- [26 U.S.C. § 63 Taxable income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s63.md)
- [26 U.S.C. § 64 Ordinary income defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s64.md)
- [26 U.S.C. § 65 Ordinary loss defined](https://www.frixlaw.com/law-library/statutes/usc_t26_s65.md)
- [26 U.S.C. § 66 Treatment of community income](https://www.frixlaw.com/law-library/statutes/usc_t26_s66.md)
- [26 U.S.C. § 67 2-percent floor on miscellaneous itemized deductions](https://www.frixlaw.com/law-library/statutes/usc_t26_s67.md)
- [26 U.S.C. § 68 Overall limitation on itemized deductions](https://www.frixlaw.com/law-library/statutes/usc_t26_s68.md)
- [26 U.S.C. § 71 Repealed. Pub. L. 115–97, title I, § 11051(b)(1)(B) , Dec. 22, 2017 , 131 Stat. 2089 ]](https://www.frixlaw.com/law-library/statutes/usc_t26_s71.md)
- [26 U.S.C. § 72 Annuities; certain proceeds of endowment and life insurance contracts](https://www.frixlaw.com/law-library/statutes/usc_t26_s72.md)
- [26 U.S.C. § 73 Services of child](https://www.frixlaw.com/law-library/statutes/usc_t26_s73.md)
- [26 U.S.C. § 74 Prizes and awards](https://www.frixlaw.com/law-library/statutes/usc_t26_s74.md)
- [26 U.S.C. § 75 Dealers in tax-exempt securities](https://www.frixlaw.com/law-library/statutes/usc_t26_s75.md)
- [26 U.S.C. § 76 Repealed. Pub. L. 94–455, title XIX, § 1901(a)(14) , Oct. 4, 1976 , 90 Stat. 1765 ]](https://www.frixlaw.com/law-library/statutes/usc_t26_s76.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t26_s67. Check the current official text before relying on it. Not legal advice.