Model Estimate T23-0085 - Tax Benefit of the Deduction for State and Local Taxes under Current Law with an Increase in Standard Deduction, by ECI Percentile, 2024 t23-0085.xls
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Table shows the tax benefit of the itemized deduction for state and local taxes under current law plus the increase in the standard deduction proposed by the Tax Cuts for Working Families Act ($2,000/$3,000/$4,000 for single, head of household, and married filing jointly and phased out at higher income levels), by expanded cash income percentile, in 2024.

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Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Income tax (individual) Tax expenditures (individual) State and local taxes
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