After the Economic Recovery Tax Act of 1981, the share of returns that included a deduction for contributions to an IRA exceeded 12%, until deductible IRAs were curtailed by the Tax Reform Act of 1986. In 2020, the share was 1.5%
June 12, 2023
Local property taxes comprised 72% of total local tax collections in FY 2020. Among states, this share ranged from around 40% in Alabama and Arkansas to 99% in Connecticut and Maine.
June 5, 2023