The U.S. Congressional Research Services (CRS) has published a new "Insight" report dated 4 March 2025 on Selected Issues in Tax Reform: Itemized Deductions, which looks at the modified treatment of various itemized deductions by the Tax Cuts and Jobs Act (TCJA) through the end of 2025. The report also looks at the effect of reinstating expiring individual income tax provisions on the deficit, which would include a net increase in the deficit by USD 3.3 trillion over 10 years. --- Selected Issues in Tax Reform: Itemized Deductions March 4, 2025 P.L. 115-97, commonly known as the Tax Cuts and...