Sec 461(l) Excess Business Loss Limitation is Back

After a three-year suspension under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Section 461(l) Excess Business Loss limitation is back for the 2021 tax year and will remain in effect for all subsequent taxable years beginning before January 1, 2027.

Grassi Tax Partner Shashi Singal was published in the February 2022 issue of the NYSSCPA’s Tax Stringer for her insights into how this provision affects noncorporate taxpayers’ tax savings potential and how the limitation should be calculated under current tax law.

Click here to read the full article on the NYSSCPA’s website.


Shashi Singal Shashi Singal is a Partner at Grassi and brings over 20 years of diversified tax and accounting experience to the firm. Her expertise lies in review of tax returns, research projects, tax planning and projections, international tax planning and compliance and assisting with mergers, acquisitions and corporate re-structuring. Shashi works with clients primarily in the manufacturing & distribution, wholesale and retail industries, as well... Read full bio

Categories: Tax