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Bill
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Middle Class Tax Deduction Act of 2019

H.R. 1867 · 116th Congress · Mar 25, 2019 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to allow miscellaneous itemized deductions subject to a 2-percent floor and to reinstate the overall limitation on itemized deductions.

1. Short title

This Act may be cited as the “Middle Class Tax Deduction Act of 2019”.

2. Allowance of miscellaneous itemized deductions subject to a 2-percent floor

(a)
In general— Section 67 of the Internal Revenue Code of 1986 is amended by striking subsection (g).
(b)
Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2018.

3. Reinstatement of overall limitation on itemized deductions

(a)
In general— Section 68 of the Internal Revenue Code of 1986 is amended by striking subsection (f).
(b)
Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2018.