Tax Policy Center

Repeal $10000 State and Local Tax (SALT) Deduction Limitation (Sep 2018)

Individual Taxes: Distribution Tables by Dollar Income Class

T18-0139 - Repeal $10,000 Limit on Deductible State and Local Taxes; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Table shows the distributional effects by expanded cash income level in 2018 of repealing the $10,000 limit on deductible state and local taxes effective retroactively to 01/01/2018. Baseline is the law in place for 2018 as of 9/24/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm

September 24, 2018
Individual Taxes: Distribution Tables by Percentile

T18-0140 - Repeal $10,000 Limit on Deductible State and Local Taxes; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Table shows the distributional effects by expanded cash income percentile in 2018 of repealing the $10,000 limit on deductible state and local taxes effective retroactively to 01/01/2018. Baseline is the law in place for 2018 as of 9/24/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm

September 24, 2018
Individual Taxes: Distribution Tables by Dollar Income Class

T18-0141 - Repeal $10,000 Limit on Deductible State and Local Taxes; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2025

Table shows the distributional effects by expanded cash income level in 2025 of repealing the $10,000 limit on deductible state and local taxes effective retroactively to 01/01/2018. Baseline is the law in place for 2025 as of 9/24/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm

September 24, 2018
Individual Taxes: Distribution Tables by Percentile

T18-0142 - Repeal $10,000 Limit on Deductible State and Local Taxes; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2025

Table shows the distributional effects by expanded cash income percentile in 2025 of repealing the $10,000 limit on deductible state and local taxes effective retroactively to 01/01/2018. Baseline is the law in place for 2025 as of 9/24/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm

September 24, 2018
Individual Taxes: Revenue Tables

T18-0143 - Repeal $10,000 Limit on Deductible State and Local Taxes; Baseline: Current Law; Impact on Tax Revenue, Number of Itemizers, and Individual Alternative Minimum Tax (AMT), 2018-28

Table shows impact on tax revenue, number of itemizers, and individual Alternative Minimum Tax between 2018 and 2028 of repealing the $10,000 limit on deductible state and local taxes effective retroactively to 01/01/2018. Baseline is the law in place for each year as of 9/24/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm

September 24, 2018