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).
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $80,000 for married couples filing jointly. The limit would increase to $40,000 for other filing statuses.
For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $80,000 for married couples filing jointly. The limit would increase to $40,000 for other filing statuses.
For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $60,000 for married couples filing jointly. The limit would increase to $30,000 for other filing statuses.
For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $60,000 for married couples filing jointly. The limit would increase to $30,000 for other filing statuses.
For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $40,000 for married couples filing jointly. The limit would increase to $20,000 for other filing statuses.
For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $40,000 for married couples filing jointly. The limit would increase to $20,000 for other filing statuses.
For a discussion of the distribution metrics presented in this table, see Measuring the Distribution of Tax Changes.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $20,000 for married couples filing jointly. The limit would increase from $5,000 to $10,000 for married individuals filing a separate return.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of a proposal to increase the $10,000 limit on deductible state and local taxes (SALT deduction) to $20,000 for married couples filing jointly. The limit would increase from $5,000 to $10,000 for married individuals filing a separate return.
