Back to State and Local Tax (SALT) Deduction (November 2021)
Model Estimate T21-0252 - Increase Limit on Deductible State and Local Taxes (SALT) to $72,500, by Expanded Cash Income Percentile, 2021 t21-0252.xls
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Table shows the change in the distribution of federal taxes relative to current law from raising the limit on deductible state and local taxes (SALT) from $10,000 to $72,500, by expanded cash income percentile in 2021.
Model Estimates Type Distribution Tables by Income Percentile
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Income tax (individual) Tax expenditures (individual) State and local taxes
Model Estimates from the same Simulation Run November 3, 2021
Model Estimate
T21-0251 - Increase Limit on Deductible State and Local Taxes (SALT) to $72,500, by Expanded Cash Income Level, 2021
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