Andersen Managing Director Daniel Gespass’s article Pease Pease Me: The OBBBA's Revived Limitation on Itemized Deductions is featured in Tax Notes. In the article, Daniel examines whether the Pease limitation on itemized deductions, reinstated under the One Big Beautiful Bill Act (OBBBA) beginning in 2026, applies to the charitable income tax deduction for estates and trusts under Sec. 642(c). Daniel concludes that there is a strong argument that the Pease limitation does not apply. However, it is unclear at this point whether Treasury and IRS will adhere to this view, Daniel cautions. As a result, it will be important to watch for their stance on this issue in guidance.