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The present value method estimates the tax expenditure as the difference between the present value of future retirement benefits from current-year contributions to retirement saving plans and the present value of those retirement benefits if the same amounts were saved outside of qualified retirement plans and were not eligible for the savers’ credit. The benefit of future taxes as a share of income are adjusted to account for a measure of additional future income from current-year saving. Baseline is the law in place as of December 18, 2019, with the Tax Cuts and Jobs Act of 2017 (TCJA) permanently extended.
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T20-0138 - Eliminate Deductions for New Contributions to Retirement Saving Plans, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0149 - Allow Roth Contributions and Repeal Deduction for Elective Contributions, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0148 - Replace Deductible Defined-Contributions with Revenue-Neutral Nonrefundable Expanded Savers' Credit, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0147 - Replace Deductible Defined-Contributions with Revenue-Neutral Refundable Expanded Savers' Credit, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0146 - Limit Maximum Defined-Contribution to $20,000 and Repeal Catch-Up Contributions, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0145 - Limit Maximum Defined-Contribution to $15,000 and Repeal Catch-Up Contributions, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0144 - Limit Maximum Defined-Contribution before Catch-Up Contributions to $20,000, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0143 - Limit Maximum Defined-Contribution before Catch-Up Contributions to $15,000, Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0141 - Eliminate Tax Expenditures for Retirement Saving Plans (Alternative Cash-Flow Method), Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0140 - Eliminate Tax Expenditures for Retirement Saving Plans (Treasury/JCT Method), Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0139 - Eliminate Deductions for New Contributions to Retirement Saving Plans, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
T20-0150 - Allow Roth Contributions and Repeal Deduction for Elective Contributions (No Change in Future Taxes), Baseline: Current Law with TCJA Permanently Extended, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2020
