Revenue Procedure 2018-22 -- Inflation Adjustments

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April 13, 2018

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Issue Number: Rev Proc 2018-22

Inside This Issue

Rev. Proc. 2018-22 modifies and supersedes sections 3.08 and 3.10 of Rev. Proc. 2018-18, 2018-10 I.R.B. 392. Section 3.08 is amended to reflect an increase in the state housing credit ceiling enacted as part of Division T, of the Consolidated Appropriations Act of 2018. Section 3.10 is amended to correct an error concerning the alternative minimum tax phaseout threshold amount for estates and trusts. The phaseout threshold amount should have been $81,900, not $500,000.

Rev. Proc. 2018-22 will be published in Internal Revenue Bulletin 2018-18 on April 30, 2018

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