T17-0339 - Repeal $10,000 Limit on Deductible State and Local Taxes, Baseline: Law after Enactment of H.R.1, The Tax Cuts and Jobs Act (TCJA), Impact on Tax Revenue, Individual Alternative Minimum Tax (AMT), and Number of Itemizers, 2018-27
The proposal would repeal the act's $10,000 limit (unindexed) on deductible state and local income, sales, and property taxes. The table shows the proposal's impact on tax revenue, individual AMT, and number of itemizers, 2018-2027.
