Tax Model Analysis Modify Limit on Deductible State and Local Taxes (SALT) (January 2025)

Tables show revenue and distribution results from modifying the limit on deductible state and local taxes (SALT deduction):

  • Revenue effects are shown for fiscal years 2025 – 2034
  • Distributional results for increasing the SALT limit to $20,000 for married couples ($10,000 for others) are shown for calendar year 2025 by: ECI Level and ECI Percentile
  • Distributional results for increasing the SALT limit to $40,000 for married couples ($20,000 for others) are shown for calendar year 2025 by: ECI Level and ECI Percentile
  • Distributional results for increasing the SALT limit to $60,000 for married couples ($30,000 for others) are shown for calendar year 2025 by: ECI Level and ECI Percentile
  • Distributional results for increasing the SALT limit to $80,000 for married couples ($40,000 for others) are shown for calendar year 2025 by: ECI Level and ECI Percentile
  • Distributional results for increasing the SALT limit to $200,000 for married couples ($100,000 for others) are shown for calendar year 2025 by: ECI Level and ECI Percentile
Simulation Run January 8, 2025
  • T25-0001 – Increase Limit on Deductible State and Local Taxes (SALT) to $20,000 for Married Couples Filing Jointly, Distribution by ECI Level, 2025
  • T25-0002 – Increase Limit on Deductible State and Local Taxes (SALT) to $20,000 for Married Couples Filing Jointly, Distribution by ECI Percentile, 2025
    • Simulation Run January 10, 2025
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • T25-0009 – Options to Modify Limit on Deductible State and Local Taxes (SALT Limit), Impact on Tax Revenue, 2025-34 Fiscal Years
    • Simulation Run January 23, 2025
  • T25-0010 – Options to Modify Limit on Deductible State and Local Taxes (SALT Limit), 2025-34 Fiscal Years
  • T25-0011 –Increase Limit on Deductible State and Local Taxes (SALT) to $200,000 for Married Couples Filing Jointly ($100,000 for Others)
  • T25-0012 – Increase Limit on Deductible State and Local Taxes (SALT) to $200,000 for Married Couples Filing Jointly ($100,000 for Others)