Model Estimate T17-0339 - Repeal $10,000 Limit on Deductible State and Local Taxes, Baseline: Law after Enactment of H.R.1, The Tax Cuts and Jobs Act (TCJA), Impact on Tax Revenue, Individual Alternative Minimum Tax (AMT), and Number of Itemizers, 2018-27 t17-0339.xlsx
(25.740234375 KB)
Display Date

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.

Image
Model Estimates Type Revenue Tables
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Income tax (individual)
Model Estimates from the same Simulation Run December 21, 2017
Model Estimate
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
Model Estimate Resources