AICPA Requests Guidance for Itemized Deductions and Trump Accounts

26 February 2026

The letter focuses on Section 70111, which modifies the Section 68 limitation on itemized deductions and provides comments on Notice 2025‑68, outlining the IRS’s planned regulations for Section 530A Trump accounts.

Robert Gatewood

26 February 2026

Uncategorized

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AICPA Requests Guidance for Itemized Deductions and Trump Accounts

PreviousIRS Gives Taxpayers a More Streamlined Way to Report Tax Fraud and Scams

NextJudge Says IRS ‘Violated the IRC Approximately 42,695 Times’ by Giving Confidential Taxpayer Information to ICE

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