Tax Policy Center

Individual Income Tax Expenditures (April 2017)

Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of retirement savings incentives measured using a cash flow approach that compares current law with a proposal that would (a) repeal the tax deferral of ontributions to IRAs, Keogh accounts, defined contribution plans and defined benefit retirement plans; (b) repeal the saver's credit; (c) repeal exemption of income accrued within these retirement savings accounts; and (d) repeal tax on pension income, withdrawals from retirement savings accounts, as well as the early withdrawal penalty. Only impacts of these repeals in the current year are accounted for, which differs from standard TPC tables where tax benefits of retirement savings incentives are calculated on a present value basis. Table shows the impact by income level under current law in 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of retirement savings incentives measured using a cash flow approach that compares current law with a proposal that would (a) repeal both after-tax contributions and tax deferral of contributions to IRAs, Keogh accounts, defined contribution plans and defined benefit retirement plans; and (b) repeal the saver's credit. Tax benefits for current year contributions are calculated as the present value of tax reductions relative to equivalent contributions to a taxable account. Table shows the benefit by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of the itemized deduction for state and local income and sales taxes (net of state and local refunds), by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of the itemized deduction for state and local incomes, sales, and property taxes (net of state and local refunds), by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of the itemized deduction for real estate taxes, by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of the itemized deduction for home mortgage interest, by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the combined tax benefits of the itemized deductions for home mortgage interest and real estate taxes, by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of the itemized deduction for charitable contributions, by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of the preferential rates on long-term capital gains and qualified dividends, by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of removing capital gains and qualified dividends from the base of the 3.8 percent net investment income tax (NIIT). This table shows the impact by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of repealing the 3.8 percent net investment income tax (NIIT) enacted as part of the Affordable Care Act. This table shows the impact by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the tax benefits of the child and dependent care tax credit (CDCTC), by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the combined tax benefits of the child tax credit (CTC), child and dependent care tax credit (CDCTC), and the earned income tax credit (EITC). This table shows the distribution by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

Distribution of the combined tax benefits of the education credits (Lifetime Learning Credit and American Opportunity Tax Credit) and the deduction for student loan interest. This table shows the distribution by income level under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Percentile

Distribution of the tax benefits of the partial exclusion of Social Security benefits, by income percentile under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Percentile

Distribution of the tax benefits of retirement savings incentives measured using a cash flow approach that compares current law with a proposal that would (a) repeal the tax deferral of ontributions to IRAs, Keogh accounts, defined contribution plans and defined benefit retirement plans; (b) repeal the saver's credit; (c) repeal exemption of income accrued within these retirement savings accounts; and (d) repeal tax on pension income, withdrawals from retirement savings accounts, as well as the early withdrawal penalty. Only impacts of these repeals in the current year are accounted for, which differs from standard TPC tables where tax benefits of retirement savings incentives are calculated on a present value basis. Table shows the impact by income percentile under current law in 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Percentile

Distribution of the tax benefits of retirement savings incentives measured using a cash flow approach that compares current law with a proposal that would (a) repeal both after-tax contributions and tax deferral of contributions to IRAs, Keogh accounts, defined contribution plans and defined benefit retirement plans; and (b) repeal the saver's credit. Tax benefits for current year contributions are calculated as the present value of tax reductions relative to equivalent contributions to a taxable account. Table shows the benefit by income percentile under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Percentile

Distribution of the tax benefits of the itemized deduction for state and local income and sales taxes (net of state and local refunds), by income percentile under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Percentile

Distribution of the tax benefits of the itemized deduction for state and local income, sales, and property taxes (net of state and local refunds), by income percentile under current law for 2017.

April 18, 2017
Individual Taxes: Distribution Tables by Percentile

Distribution of the tax benefits of the itemized deduction for real estate taxes, by income percentile under current law for 2017.

April 18, 2017