Required information Tableau Dashboard Activity 06-1: Feeling SALTY: Assessing the TCJA Impact on the State...
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Required information Tableau Dashboard Activity 06-1: Feeling SALTY: Assessing the TCJA Impact on the State Tax Deduction (Static) Skip to question Feeling SALTY: Assessing the TCJA Impact on the State Tax Deduction The Tax Cuts and Jobs Act ("TCJA") made significant changes to several areas of the tax code including the limitation placed on the State Tax Deduction. The IRS publishes data by State detailing the itemized deductions claimed for a given year (source: https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-statistics-2018-zip-code-data-soi). The most recently published year available is 2018, and includes new data providing insight on the impact of the limited state tax deduction for itemized taxpayers. The following data was used in the creation of the visualization: State Tax Deduction: sums State and local income taxes amount, Real estate taxes amount, and Personal property taxes amount The State and local general sales tax amount was excluded from this analysis Limited State and Local Taxes: data from Schedule A Line 5e after the $10,000 cap SALT Cap Impact Ranking: orders the States with the lowest difference between State Tax Deduction and Limited State and Local Taxes to the highest (1-51) Mouse over the visualization to reveal specific amounts for use in answering the following questions. Adjust the sliders on the visual to determine proper responses. Feeling SALTY: Assessing the TCJA Impact on the State Tax Deduction - Part 1 (Static) Required: What are the top 5 states impacted by the TCJA limitation on State Tax deductions? What are the bottom 5 states least impacted by the TCJA limitation on State Tax deductions? Florida does not impose an individual income tax. Where did it rank? Which state was the least impacted by the TCJA cap on state tax deduction?
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