Back to Modify Limit on Deductible State and Local Taxes (SALT) (January 2025)
Model Estimate T25-0009 – Options to Modify Limit on Deductible State and Local Taxes (SALT Limit), Impact on Tax Revenue, 2025-34 Fiscal Years T25-0009.xlsx
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Table shows the impact on federal tax revenue for fiscal years 2025-34 of options to modify the $10,000 limit on deductible state and local taxes (SALT deduction). 

NOTE: A table with additional options is available as Table T25-0010.
T25-0009
Model Estimates Type Revenue Tables
Primary topic Current legislative proposals
Topics Current legislative proposals State and local taxes Income tax (individual) Tax expenditures (individual)
Model Estimates from the same Simulation Run January 10, 2025
Model Estimate
T25-0003 – Increase Limit on Deductible State and Local Taxes (SALT) to $40,000 for Married Couples Filing Jointly ($20,000 for Others), Distribution by ECI Level, 2025
Model Estimate
T25-0004 – Increase Limit on Deductible State and Local Taxes (SALT) to $40,000 for Married Couples Filing Jointly ($20,000 for Others), Distribution by ECI Percentile, 2025
Model Estimate
T25-0005 – Increase Limit on Deductible State and Local Taxes (SALT) to $60,000 for Married Couples Filing Jointly ($30,000 for Others), Distribution by ECI Level, 2025
Model Estimate
T25-0006 – Increase Limit on Deductible State and Local Taxes (SALT) to $60,000 for Married Couples Filing Jointly ($30,000 for Others), Distribution by ECI Percentile, 2025
Model Estimate
T25-0007 – Increase Limit on Deductible State and Local Taxes (SALT) to $80,000 for Married Couples Filing Jointly ($40,000 for Others), Distribution by ECI Level, 2025
Model Estimate
T25-0008 – Increase Limit on Deductible State and Local Taxes (SALT) to $80,000 for Married Couples Filing Jointly ($40,000 for Others), Distribution by ECI Percentile, 2025
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