Also known as Cardiac Catheter Ablation Catheter ablation is a procedure that uses energy to make small scars in your heart tissue to prevent abnormal electrical signals from moving through your heart.
Gifts of capital gain property generally are limited to either 30% or 20% of AGI, depending on the donee. The only way to apply the 50% limitation to a gift of capital gain property is to elect to take a reduced charitable contribution (i.e., deduct the propertyâs tax basis instead of its FMV).
1 OVERVIEW. 2  For federal income tax purposes, there are several limitations that can reduce the benefits of your itemized. deductions: (1) the miscellaneous itemized deduction limitation(also known as the â 2% floorâ), (2) the itemized. deduction phase-out (also known as the âPeaseâ limitation); (3) the medical expense âfloor;â (4) limitations on. charitable deductions; and (5) limitations on deductions for loss/theft.