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Table shows the change in the distribution of federal taxes relative to current law from repealing the $10,000 limit on deductible state and local taxes (SALT) for those with less than $900,000 for married filing jointly, $675,000 for head of household, and $450,000 for single filers, by expanded cash income percentile in 2021. The phase in limit occur over a $100,000 range of AGI dependent on filing status.
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T21-0294 - Repeal $10,000 Limit on Deductible State and Local Taxes (SALT) for those with AGI less than $900K for Married Filing Jointly, $675K for Head of Household, and $450K for Single, by Expanded Cash Income Level, 2021
T21-0293 - Increase Limit on Deductible State and Local Taxes (SALT) to $80,000 for those with AGI less than $900K for Married Filing Jointly, $675K for Head of Household, and $450K for Single, by Expanded Cash Income Percentile, 2021