Date of Award


Degree Type

Honors College Thesis



First Advisor

Megan Leach, Ph.D

Advisor Department



The Tax Cuts and Jobs Act of 2017 placed a cap of $10,000 on the State and Local Tax deduction. A survey was carried out to compare individuals' tax liability in 2017 (before the cap) with their tax liability in 2018 (after the cap). The results suggest that fewer people itemized in 2018, and most belonged to the high-income group. Many individuals who itemized in 2018 also saw an increase in their federal tax liability. Most individuals with less than $100,000 yearly income opted for the standard deduction and saw a decrease in their federal tax liability in 2018 (in the presence of the SALT deduction cap) as compared to their liability in 2017 (in the absence of a SALT deduction cap).

Included in

Accounting Commons