Problem: The Tax Cuts and Jobs Act of 2017 imposed a limitation on the deductibility of interest for most businesses and that limitation is Multiple choice question. the difference between taxable interest income and 30% of taxable income before deductions for interest, depreciation, amortization, or depletion. taxable interest income times 30% of taxable income before deductions for interest, depreciation, amortization, or depletion. the sum of taxable interest income and 30% of taxable income before deductions for interest, depreciation, amortization, or depletion. the sum of taxable interest income and 30% of taxable income after deductions for interest, depreciation, amortization, or depletion.