The limitation is applied after every other limitation
What the document says“This section shall be applied after the application of any other limitation on the allowance of any itemized deduction.”
The section provides that the limitation is applied after any other limitation on the allowance of an itemized deduction.
What the document actually says“This section shall be applied after the application of any other limitation on the allowance of any itemized deduction.”
That sentence, in plain words
This rule goes last. Every other limit is applied first.
What this is about
Order matters when limits stack up. This one bites on what is left. It never comes first.
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