Tax Policy Center

SALT cap

Federal Budget and Economy: TaxVox

There Will Be No Showdown Over The Next COVID-19 Stimulus Bill. Pelosi Already Won.

Looking forward to the great partisan battle over the next COVID-19 relief bill? You may be disappointed. Nancy Pelosi already has won.
July 28, 2020Howard Gleckman
Individual Taxes: TaxVox

TPC Estimates The HEROES Act Would Substantially Cut Individual Income Taxes  

The major individual income tax provisions in the House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would cut taxes by an average of...
May 22, 2020Howard Gleckman
State and Local Issues: TaxVox

We Don’t Know If The SALT Cap Is Driving Away Residents Of High-Tax States

Has the $10,000 cap on the state and local tax (SALT) deduction included in the 2017 Tax Cuts and Jobs Act produced a mass migration...
February 10, 2020Lucy DadayanNoah Zwiefel
Individual Taxes: TaxVox

When It Comes to Tax Policy, Should Getting Mad Mean Getting Even?

What happens when policymakers are not just trying to change economic behavior with tax policy? What happens when they're mad at an individual or organization?
November 6, 2019Renu Zaretsky
Individual Taxes: TaxVox

Most AMT Taxpayers Paid Lower Taxes After TCJA, Despite SALT Cap

A new Tax Policy Center analysis finds that the vast majority of households that paid the Alternative Minimum Tax (AMT) before the 2017 Tax Cuts...
July 10, 2019Leonard E. Burman
: TaxVox

What The Tax Cuts and Jobs Act Means For Tax Expenditures

In a new paper , my former Tax Policy Center colleague Daniel Berger and I calculate that the 2017 Tax Cuts and Jobs Act (TCJA)...
June 5, 2019Eric Toder
: TaxVox

Tax Day Is Here, And State Budget Offices Share Your Fears And Hopes For A Good Return

With Tax Day here, taxpayers are scrambling to finish up their returns—both federal and state (that is, if their state has an individual income tax)...
April 15, 2019Lucy Dadayan
Individual Taxes: TaxVox

High-Income Households Would Benefit Most From Repeal of the SALT Deduction Cap

Repealing the SALT Deduction Cap Would Largely Benefit High-Income Households, TPC Finds
Repealing the SALT Deduction Cap Would Largely Benefit High-Income Households, TPC Finds Only about 9 percent of households would benefit from repeal of the Tax...
September 24, 2018Howard Gleckman
: TaxVox

Treasury Dashes The Charity Workaround For SALT, Also Limits Tax Credit Programs For Private Schools

As warned earlier , Treasury proposed rules to block a state and local tax (SALT) deduction workaround strategy that had been adopted by New York...
August 24, 2018Steven M. Rosenthal
State and Local Issues: TaxVox

The SALT Wars Move To Court

Four blue states filed a lawsuit yesterda y, claiming that the Tax Cuts and Jobs Act’s limitation on the state and local tax (SALT) deduction...
July 17, 2018Howard Gleckman