Background:

This market aims to investigate what the SALT Tax Deduction Limitation will be in various tax years for various filing types.

Resolution:

>=AMOUNT / FILINGSTATUS/ TAXYEAR

A market resolves YES if the SALT Tax Limitation is at least AMOUNT for a tax payer filing FILINGSTATUS in TAXYEAR.

The AMOUNT is inclusive, so it resolves YES in a tie.

Tax year is based on the US Government definition - i.e. many tax payers file for TY 2023 in ~April 2024.

Example answer:

>=$20000 / Single /TY 2025

This market resolves YES if the SALT Tax Limitation is at least $20,000 for a tax payer filing Single in Tax Year 2025.

Edge cases:

• If laws change so there is no comparable filing status in a tax year then that market will resolve N/A.

• AMOUNT is based on the actual limit that affects the tax payer - not based on any laws passed in that year that take effect in the future.

• The market resolves based on the best rate a tax payer could use for that Tax Year (e.g. ">=$20,000 / Married-Jointly / TY2024" could resolve YES if any last minute laws are passed, but is on track to resolve NO based on the status quo at the IRS deadline).

Notes:

• The markets are independent and more may be added if they are requested and interesting to me.

• Update 2025-27-01 (PST): - Resolution Timing: The market will resolve right after the normal IRS tax deadline, typically mid-April. However, it may resolve earlier if there are last-minute changes affecting the SALT Tax Deduction Limitation. (AI summary of creator comment)