麻豆约拍

Part III - Administrative, Procedural, and Miscellaneous

Revised Housing Cost Amounts Eligible for Exclusion or Deduction

Notice 2007-25

SECTION 1. PURPOSE
This notice provides modifications and additions to the adjusted limitations on housing expenses published in Notice 2006-87, 2006-43 I.R.B. 766, for purposes of section 911 of the Internal Revenue Code (Code).

SECTION 2. BACKGROUND
Notice 2006-87 provides an adjusted limitation on housing expenses for a qualified individual incurring housing expenses in 2006 in one or more of the identified high cost localities to use (in lieu of the otherwise applicable limitation of $24,720) in determining his or her housing expenses under section 911(c)(2)(A) of the Code. Notice 2006-87 also requests comments on the average housing costs for specific locations that differ significantly from the amounts provided in the notice. In response to comments received on Notice 2006-87, the Internal Revenue Service (IRS) and the Treasury Department are publishing certain modifications and additions to the 2006 housing expense table in Notice 2006-87. The adjusted limitations on housing expenses provided in section 3 supersede and replace the adjusted limitations on housing expenses for 2006 for those specific locations provided in Notice 2006-87. The adjusted limitations on housing expenses provided in section 4 address locations within countries with high housing costs that were not identified in Notice 2006-87, and provide an adjusted limitation on housing expenses for 2006 for these locations. A complete table of the adjusted limitations on housing expenses for 2006 is available on the IRS website at under the link "What's Hot in forms and publications".

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