Tax Model Analysis SALT Options in the Build Back Better Act as Reported by House Budget Committee: Rules Committee Print 117-18 as Amended by 117-19 (December 2021)

Tables show the change in federal tax burden and those who experience a tax increase or tax cut from the tax provisions in H.R.5376, The Build Back Better Act, as reported by the House Budget Committee (Rules Committee Print 117-18 as Amended by 117-19) with alternative state and local tax (SALT) deduction provisions. The benefit of the $80,000 SALT limit and overall repeal would phase out rateably over an adjusted gross income (AGI) range of $100,000 starting at $900,000 for married couples filing jointly, $450,000 for single filers, and $675,000 for heads of households. 

Simulation Run December 15, 2021
  • T21-0296 - Phase out Benefit of $80,000 SALT Limit Starting at AGI of $900K for MFJ/$450K Single/$675K HoH in H.R.5376, The Build Back Better Act as Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2022
  • T21-0297 - Phase out Benefit of $80,000 SALT Limit Starting at AGI of $900K for MFJ/$450K Single/$675K HoH in H.R.5376, The Build Back Better Act as Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2022
  • T21-0298 - Tax Units with a Tax Increase or Tax Cut with an $80,000 SALT Limit Phasing out at AGI of $900K for MFJ/$450K Single/$675K HoH in H.R.5376, The Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2022
  • T21-0299 - Tax Units with a Tax Increase or Tax Cut with an $80,000 SALT Limit Phasing out at AGI of $900K for MFJ/$450K Single/$675K HoH in H.R.5376, The Build Back Better Act as Reported by House Budget Committee, by Expanded Income Percentile, 2022
  • T21-0300 - Repeal SALT Limit for Taxpayers with AGI Less than $900K for Married Filing Jointly/$450K Single/$675K Head of Household in H.R.5376, The Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2022
  • T21-0301 - Repeal SALT Limit for Taxpayers with AGI Less than $900K for Married Filing Jointly/$450K Single/$675K Head of Household in H.R.5376, The Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2022
  • T21-0302 - Tax Units with a Tax Increase or Tax Cut by Repealing SALT Limit for Taxpayers with AGI Less than $900K for MFJ/$450K Single/$675K HoH in H.R.5376, The Build Back Better Act as Reported by House Budget Committee, by Expanded Income Level, 2022
  • T21-0303 - Tax Units with a Tax Increase or Tax Cut by Repealing SALT Limit for Taxpayers with AGI Less than $900K MFJ/$450K Single/$675K HoH in H.R.5376, The Build Back Better Act as Reported by House Budget Committee, by Expanded Income Percentile, 2022