Starting on 2018 (next years tax) the 2% deduction goes away. It is still in effect for the 2017 tax year.
<a rel="nofollow" target="_blank" href="
https://www.law.cornell.edu/uscode/text/26/67">https://www.law.cornell.edu/uscode/text/26/67</a>
§67(g).
The new tax law does not eliminate the the 2% floor, it eliminates the deduction altogether.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
