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The proposal would repeal the act's $10,000 limit (unindexed) on deductible state and local income, sales, and property taxes. The table shows the proposal's impact on tax revenue, individual AMT, and number of itemizers, 2018-2027.
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T17-0338 - Repeal $10,000 Limit on Deductible State and Local Taxes, Baseline: Law after Enactment of H.R.1, The Tax Cuts and Jobs Act, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018