SALT

The $10,000 cap on the state and local (SALT) deduction was introduced as part of the Tax Cuts and Jobs Act as a means to broaden the individual income tax base and partially fund reductions in statutory tax rates.

Featured Research

Reviewing Benefits of the State and Local Tax Deduction by County in 2018

August 25, 2021

Options for Reforming America’s Tax Code 2.0

April 19, 2021

Who Benefits from the State and Local Tax Deduction?

January 25, 2021

Taxes and New York’s Fiscal Crisis: Evaluating Revenue Proposals to Close the State’s Budget Gap

December 8, 2020

Top Rates in Each State Under Joe Biden’s Tax Plan

October 20, 2020

A Carbon Tax to Make the TCJA’s Individual Provisions Permanent

September 30, 2020

Related Articles

How Will Build Back Better Impact Inflation?

November 17, 2021

Reviewing How TCJA Impacted Mortgage Interest and State and Local Tax Deductions

October 14, 2021

2017 Tax Changes Increase the Benefit of Uncapping SALT Deductions for High Income Taxpayers

October 4, 2021

Reviewing Benefits of the State and Local Tax Deduction by County in 2018

August 25, 2021

Trade-offs of Expanding Individual Tax Credits While Repealing SALT Deduction

June 24, 2021

Relaxing State and Local Tax Deduction Cap Would Make Tax Code Less Progressive

May 3, 2021

Options for Reforming America’s Tax Code 2.0

April 19, 2021

Alabama Passes Tax Reform Aimed at Throwback, GILTI, and More

February 19, 2021

Marginal Tax Rates on Labor Income Under Sen. Mitt Romney’s Family Security Act

February 17, 2021

Who Benefits from the State and Local Tax Deduction?

January 25, 2021

Taxes and New York’s Fiscal Crisis: Evaluating Revenue Proposals to Close the State’s Budget Gap

December 8, 2020

IRS Signals Approval of Entity-Level SALT Cap Workaround, But States Should Still Think Twice

November 11, 2020

Top Rates in Each State Under Joe Biden’s Tax Plan

October 20, 2020

A Carbon Tax to Make the TCJA’s Individual Provisions Permanent

September 30, 2020

HEROES Act First Bid to Provide Phase 4 Relief for Businesses and Individuals

May 14, 2020

Accounting for Deficits: When Should They Matter and How Should We Solve It?

May 14, 2020

Retroactive SALT Repeal Combines Weak Stimulus with Bad Tax Policy

March 31, 2020

Analysis of the Restoring Tax Fairness for States and Localities Act

December 17, 2019

Testimony before the House Ways and Means Select Revenue Measures Subcommittee

June 25, 2019

Synopsis of New IRS Rules on SALT Deduction Cap Charitable Workaround

June 11, 2019