Tax Policy Center

state and local tax deduction

Individual Taxes: TaxVox

SALT Cap Relief For Married Couples Still Favors Wealthier Households

More than 90 percent of the benefits of a House proposal to temporarily amend the $10,000 cap on state and local tax (SALT) deductions would...
February 8, 2024John Buhl
Individual Taxes: TaxVox

The House GOP’s Higher Standard Deduction Means Even Fewer Households Should Care About The SALT Fight

As House Republicans engage in a nasty internal battle over whether to raise the $10,000 cap on the state and local tax (SALT) deduction, a...
September 7, 2023Howard Gleckman
Individual Taxes: TaxVox

Family Security Act 2.0 Child Allowance Would Help Families with Kids, with Drawbacks for Single Parents

The Family Security Act 2.0 (FSA 2.0) framework introduced this past June by Senators Mitt Romney (R-UT), Steve Daines (R-MT), and Richard Burr (R-NC) emerged...
December 8, 2022Nikhita Airi
Campaigns, Proposals, and Reforms: TaxVox

TPC’s 2021 Lump Of Coal Award For The Worst Tax Policy Ideas Of The Year

Welcome to the Tax Policy Center’s annual Lump of Coal Award for the year’s biggest tax policy blunders, Build Back Better edition. Even by the...
December 22, 2021Howard Gleckman
Individual Taxes: TaxVox

A $25,000 SALT Deduction Cap Would Be Only A Modest Improvement Over The House’s $80,000 Version

As Congress struggles to pass the Build Back Better bill, some congressional Democrats are exploring new proposals to raise the $10,000 cap on the state...
December 9, 2021Howard Gleckman
Individual Taxes: TaxVox

How An $80,000 SALT Cap Stacks Up Against A Full Deduction For Those Making $400,000 Or Less

Congress seems to be considering two ways to address the Tax Cut and Job Act’s $10,000 cap on the state and local tax (SALT) deduction...
November 18, 2021Howard GleckmanLeonard E. Burman
: TaxVox

The Latest SALT Cap Fix Would Mostly Benefit High Income Households, Do Little For Middle-Income People

The Democrats’ latest plan to adjust the cap on the state and local tax (SALT) deduction would provide little or no benefit for low and...
November 4, 2021Howard Gleckman
State and Local Issues: TaxVox

Gaming The SALT Cap May Be Congress’s Worst Tax Idea Of The Year

Ever since Congress capped the state and local tax (SALT) deduction in 2017, a small group of Blue State Democrats has demanded the cap’s repeal...
October 27, 2021Howard Gleckman
Individual Taxes: TaxVox

SALT Cap Repeal Would Overwhelmingly Benefit High Income Households

Households making $1 million or more a year would receive half the benefit of repealing the $10,000 federal cap on the state and local tax...
April 23, 2021Howard Gleckman
State and Local Issues: TaxVox

TPC Analyzes Five Ways To Replace The SALT Deduction Cap

The $10,000 annual limit on the state and local tax (SALT) deduction was one of the most contentious provisions of the 2017 Tax Cuts and...
May 14, 2020Frank Sammartino