Itemized deduction cap for top earners
Varies
Can You Write Off Itemized Deduction Cap for Top Earners?
Short answer: From 2026, people in the 37% bracket get itemized deductions valued at 35 cents per dollar instead of 37 cents.
It applies on top of the SALT cap.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B23-00405
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Itemized deduction cap for top earners
Varies
Individuals / Personal Taxes
Office & Workspace
Personal Tax Deductions
From 2026, people in the 37% bracket get itemized deductions valued at 35 cents per dollar instead of 37 cents.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
From 2026, people in the 37% bracket get itemized deductions valued at 35 cents per dollar instead of 37 cents. It applies on top of the SALT cap.
Category
- Personal Tax Deductions
personal deduction
search demand 2026 b23
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