Tax Policy Center

SALT deduction

: 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
: TaxVox

A Cool Tool That Shows How Various Elements Of The TCJA Affect Revenues And Incomes

How did key elements of the 2017 Tax Cuts and Jobs Act (TCJA) affect the after-tax incomes of various income groups? And what would happen...
March 26, 2019Howard Gleckman
State and Local Issues: TaxVox

State Revenue Picture in Post-TCJA Era: Joy, Sorrow, and Uncertainty

The Tax Policy Center’s State and Local Finance Initiative’s quarterly “ State Tax and Economic Review ” shows solid revenue growth in the third quarter...
March 12, 2019Lucy Dadayan
Campaigns, Proposals, and Reforms: TaxVox

The TaxVox Lump of Coal Award For The Worst Tax Idea of 2018

It’s time for Tax Vox to present its annual Lump of Coal Award for the worst tax idea of the year.
December 20, 2018Howard Gleckman
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
: TaxVox

IRS Warns States to Slow Down on Charitable SALT Workarounds

Yesterday, the IRS issued a notice warning states that are contemplating one workaround to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on...
May 24, 2018Steven M. Rosenthal
State and Local Issues: TaxVox

Seattle's Misguided Worker Tax On Large And Mid-Sized Employers

Cities and counties all over the US have been offering Amazon billions of dollars in tax cuts to lure...
May 9, 2018Howard Gleckman
: TaxVox

How Recent Tax Reform Sounds a Clarion Call for Real Reform of Homeownership Policy

By roughly doubling the standard deduction and limiting the deduction from federal taxable income of state and local taxes (SALT), the Tax Cut and Jobs...
May 9, 2018C. Eugene Steuerle