Model Estimate 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 t18-0143.xlsx
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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

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Model Estimates Type Revenue Tables
Primary topic Individual Taxes
Topics Income tax (individual) Tax expenditures (individual) State and local taxes
Model Estimates from the same Simulation Run September 24, 2018
Model Estimate
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
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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
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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
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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
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