How Much Are OBBBA Provisions Worth to American Households? 2025 Study

Provisions of the One Big Beautiful Bill Act (OBBBA) offer Americans additional tax deductions and credits that will take effect for tax year 2025, with many lasting through 2028 and beyond. Many people should expect some tax savings, as the provisions incentivize a wide net of statuses and activities, including young families, seniors, tipped workers, new car purchases, and gifting and inheritance. OBBBA is also structured to provide tax relief regardless of whether you choose the standard or itemized deduction, or whether you file as single, married or head of household.

Households may want to size up the potential impact of OBBBA provisions to their tax strategies, tax prepayments and overall budgets. With this in mind, SmartAsset calculated the expected value residents in each U.S. state may see for the upcoming tax years thanks to eight different OBBBA provisions, based on the most recent tax return data, financial and demographic data. Additionally, average dollar benefits for families with children, seniors, inheritance, tipped workers, new car purchases and more are distilled at the state level.

The total expected value of OBBBA per household in each state includes prorated amounts for the following tax legislation changes:

Provision	Before OBBBA	With OBBBA
Increased standard deduction, 2025 (inflation adjusted through 2028)	Single: $15,000 Head of household: $22,500 Married filing jointly: $30,000	Single: $15,750 Head of household: $23,625 Married filing jointly: $31,500
SALT (state and local tax) deduction, 2025-2029	$10,000 cap (2024)	$40,000 cap
Additional senior deduction (65+), 2025-2028	Single: $2,000 Married filing jointly: $3,200	Single: $8,000 Married filing jointly: $15,200
Auto loan interest deduction (new U.S.-assembled vehicles, 2025-2028)	None	Up to $10,000 annually (phaseout for single earners with AGI greater than $100,000; $200,000 married filing jointly)
Tipped income deduction, 2025-2028	None	Up to $25,000 annually (phaseout for single earners with AGI greater than $150,000; $300,000 married filing jointly)
Estate and gift tax exclusion, 2026 (inflation adjusted thereafter)	$13.99 million (2025, TCJA Act); 2026: Would have dropped back to ~$7 million (single) after TCJA expiration	Single: $15 million Married filing jointly: $30 million
“Trump Accounts”, 2025-2028	None	Federal $1,000 contribution to a tax-advantaged account per eligible child born; $5,000 annual contribution cap
Child tax credit, 2025 (inflation adjusted thereafter)	$2,000 per qualifying child	$2,200 per qualifying child

Expected values and estimated savings per return with each provision applied are calculated for each state over a one year period, based on 2025 OBBBA thresholds (2026 in the case of the estate and gift tax exclusion). Estimates are based on local trends in relevant financial, demographic and filing status data at the state level.

Key Findings

Californians have the highest expected value from OBBBA at $2,293. Nationwide, households in five states are projected to save over $2,000 annually through the individual tax provisions, including those in Oregon ($2,227); Massachusetts ($2,150); Connecticut ($2,125); and Hawaii ($2,078).
The increased standard deduction will save households most in these states. Based on the rate of households opting for the standard deduction in prior years and the tax rates those households were subject to, households in Alaska ($196.87); New Hampshire ($192.78); and Minnesota ($185.68) stand to save the most from the standard deduction increases.
Households itemizing in Georgia have expected tax savings of nearly $6,000 per year. The 11.81% of households opting to itemize their taxes according to the latest IRS data have the largest projected tax savings because of the boost from $10,000 to $40,000 in SALT deductions, totaling $5,929. Averaged across all tax returns, this leads to an expected value of $333.99 for the SALT provision in Georgia.
Seniors stand to gain most in these states. This is in addition to any savings from the standard deduction, itemized deduction, and existing senior deduction. Accounting for both married-couple and single seniors, the expected value from the new $6,000 senior deduction is highest in North Dakota at $1,396.92. Seniors in Hawaii ($1,388.04) and New Jersey ($1,387.08) have similarly high potential payoff from this provision.
Texas residents are projected to save the most on new car purchases. Accounting for the historical number of cars sold and average auto loan account balances in the state, Texas households have the highest expected value for the auto loan interest deduction at $131.56 per tax return.
Residents of these states are projected to benefit most from $1,000 Trump accounts. The fertility rate is highest in South Dakota and Illinois, where 125 children and 120 children were respectively born per 1,000 women aged 20 to 34 per the latest data. However, higher-population states are projected to have more total children, with Texas leading at an estimated 298,388 children born per year – followed closely by California at 286,977.
Utah has the highest expected value per return from family-friendly incentives. When considering the additional $200 added to the Child Tax Credit as well as $1,000 Trump accounts for new babies, Utah households will see the highest benefit at a combined $132.86 per return in expected value. Idaho and Oklahoma follow with expected values of $112.95 and $112.77 per return for both measures.

OBBBA Tax Savings by State

States are ranked based on the expected value of tax savings per household in each state based on local tax, demographic and financial data.

How to use this data:
Data is broken down for each of eight OBBBA provisions and their potential impact on households. “Expected values” reflect the average estimated benefits across all tax returns and demographics in a state and are best used to evaluate general trends and macroeconomic impacts. “Savings per tax return” reflects the individual savings a household using the specific provision might anticipate, and is better used to evaluate microeconomic benefits and incentives. The data below can be combined and handled in various ways to reflect specific, custom scenarios.

1. California – Total Expected Value: $2,293.15

Standard deduction

Expected value across all tax returns: $154.11
Percent standardizing: 84.32%
Savings per tax return using standard deduction: $182.77

SALT deduction

Expected value across all tax returns: $818.76
Percent itemizing: 15.68%
Savings per tax return using itemization: $5,221

Senior deduction

Expected value across all tax returns: $224.61
Population aged 65+: 16.20%
Median senior income: $68,292
Average savings per senior: $1,386.60

Estate and gift tax

Expected value across all tax returns: $897.67
Number of estate returns: 5,091
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $85.54
Average auto loan account balance: $25,196
Annual interest rate payments at 7.86%: $1,827.15
Annual tax savings per new auto: $318.00

Tips

Expected value across all returns: $23.19
Number of waiters/waitresses: 224,670
Median income for waiters/waitresses: $35,170
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $15.81
Children born per 1,000 women age 20–34: 70
Estimated children born per year: 286,977

Child Tax Credit

Expected value across all returns: $73.45
Number of qualifying children: 6,665,106

2. Oregon – Total Expected Value: $2,226.61

Standard deduction

Expected value across all tax returns: $169.96
Percent standardizing: 87.28%
Savings per tax return using standard deduction: $194.73

SALT deduction

Expected value across all tax returns: $699.72
Percent itemizing: 12.72%
Savings per tax return using itemization: $5,502

Senior deduction

Expected value across all tax returns: $221.34
Population aged 65+: 19.56%
Median senior income: $58,852
Average savings per senior: $1,131.84

Estate and gift tax

Expected value across all tax returns: $962.78
Number of estate returns: 769
Tax savings per estate: $2,501,651

Auto loan interest

Expected value across all tax returns: $70.98
Average auto loan account balance: $22,616
Annual interest rate payments at 7.86%: $1,640.05
Annual tax savings per new auto: $300.78

Tips

Expected value across all returns: $20.04
Number of waiters/waitresses: 20,650
Median income for waiters/waitresses: $33,930
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $14.67
Children born per 1,000 women age 20–34: 69
Estimated children born per year: 29,319

Child Tax Credit

Expected value across all returns: $67.11
Number of qualifying children: 670,450

3. Massachusetts – Total Expected Value: $2,150.45

Standard deduction

Expected value across all tax returns: $166.71
Percent standardizing: 87.65%
Savings per tax return using standard deduction: $190.19

SALT deduction

Expected value across all tax returns: $679.96
Percent itemizing: 12.35%
Savings per tax return using itemization: $5,507

Senior deduction

Expected value across all tax returns: $205.15
Population aged 65+: 18.47%
Median senior income: $63,240
Average savings per senior: $1,110.96

Estate and gift tax

Expected value across all tax returns: $920.63
Number of estate returns: 1,403
Tax savings per estate: $2,312,262

Auto loan interest

Expected value across all tax returns: $80.16
Average auto loan account balance: $19,808
Annual interest rate payments at 7.86%: $1,436.42
Annual tax savings per new auto: $263.70

Tips

Expected value across all returns: $25.64
Number of waiters/waitresses: 44,790
Median income for waiters/waitresses: $36,390
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $13.01
Children born per 1,000 women age 20–34: 62
Estimated children born per year: 45,838

Child Tax Credit

Expected value across all returns: $59.19
Number of qualifying children: 1,042,836

4. Connecticut – Total Expected Value: $2,125.21

Standard deduction

Expected value across all tax returns: $170.02
Percent standardizing: 88.36%
Savings per tax return using standard deduction: $192.41

SALT deduction

Expected value across all tax returns: $639.39
Percent itemizing: 11.64%
Savings per tax return using itemization: $5,495

Senior deduction

Expected value across all tax returns: $264.51
Population aged 65+: 19.08%
Median senior income: $66,407
Average savings per senior: $1,386.60

Estate and gift tax

Expected value across all tax returns: $871.84
Number of estate returns: 570
Tax savings per estate: $2,749,332

Auto loan interest

Expected value across all tax returns: $80.88
Average auto loan account balance: $20,096
Annual interest rate payments at 7.86%: $1,457.31
Annual tax savings per new auto: $266.92

Tips

Expected value across all returns: $22.06
Number of waiters/waitresses: 19,450
Median income for waiters/waitresses: $36,460
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $13.34
Children born per 1,000 women age 20–34: 69
Estimated children born per year: 23,981

Child Tax Credit

Expected value across all returns: $63.17
Number of qualifying children: 567,716

5. Hawaii – Total Expected Value: $2,077.91

Standard deduction

Expected value across all tax returns: $170.65
Percent standardizing: 87.89%
Savings per tax return using standard deduction: $194.16

SALT deduction

Expected value across all tax returns: $668.40
Percent itemizing: 12.11%
Savings per tax return using itemization: $5,521

Senior deduction

Expected value across all tax returns: $293.40
Population aged 65+: 21.14%
Median senior income: $78,353
Average savings per senior: $1,388.04

Estate and gift tax

Expected value across all tax returns: $706.82
Number of estate returns: 199
Tax savings per estate: $2,396,508

Auto loan interest

Expected value across all tax returns: $103.10
Average auto loan account balance: $23,915
Annual interest rate payments at 7.86%: $1,734.25
Annual tax savings per new auto: $319.18

Tips

Expected value across all returns: $46.15
Number of waiters/waitresses: 12,890
Median income for waiters/waitresses: $53,230
Annual tax savings per tipped worker: $3,000.00

Trump Account

Expected value across all tax returns: $19.47
Children born per 1,000 women age 20–34: 97
Estimated children born per year: 13,138

Child Tax Credit

Expected value across all returns: $69.91
Number of qualifying children: 235,865

6. New Jersey – Total Expected Value: $1,895.60

Standard deduction

Expected value across all tax returns: $162.47
Percent standardizing: 86.34%
Savings per tax return using standard deduction: $188.18

SALT deduction

Expected value across all tax returns: $729.56
Percent itemizing: 13.66%
Savings per tax return using itemization: $5,339

Senior deduction

Expected value across all tax returns: $245.86
Population aged 65+: 17.72%
Median senior income: $67,177
Average savings per senior: $1,387.08

Estate and gift tax

Expected value across all tax returns: $566.40
Number of estate returns: 1,028
Tax savings per estate: $2,520,851

Auto loan interest

Expected value across all tax returns: $83.00
Average auto loan account balance: $21,436
Annual interest rate payments at 7.86%: $1,554.48
Annual tax savings per new auto: $276.67

Tips

Expected value across all returns: $23.29
Number of waiters/waitresses: 52,500
Median income for waiters/waitresses: $38,720
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $15.41
Children born per 1,000 women age 20–34: 80
Estimated children born per year: 70,494

Child Tax Credit

Expected value across all returns: $69.62
Number of qualifying children: 1,592,587

7. Virginia – Total Expected Value: $1,754.71

Standard deduction

Expected value across all tax returns: $166.07
Percent standardizing: 86.29%
Savings per tax return using standard deduction: $192.44

SALT deduction

Expected value across all tax returns: $737.80
Percent itemizing: 13.71%
Savings per tax return using itemization: $5,383

Senior deduction

Expected value across all tax returns: $195.03
Population aged 65+: 17.20%
Median senior income: $64,938
Average savings per senior: $1,134.00

Estate and gift tax

Expected value across all tax returns: $444.33
Number of estate returns: 623
Tax savings per estate: $2,931,056

Auto loan interest

Expected value across all tax returns: $92.16
Average auto loan account balance: $23,610
Annual interest rate payments at 7.86%: $1,712.13
Annual tax savings per new auto: $307.19

Tips

Expected value across all returns: $26.71
Number of waiters/waitresses: 57,110
Median income for waiters/waitresses: $37,220
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $18.07
Children born per 1,000 women age 20–34: 85
Estimated children born per year: 74,248

Child Tax Credit

Expected value across all returns: $74.55
Number of qualifying children: 1,531,787

8. New York – Total Expected Value: $1,740.56

Standard deduction

Expected value across all tax returns: $168.15
Percent standardizing: 89.54%
Savings per tax return using standard deduction: $187.79

SALT deduction

Expected value across all tax returns: $576.17
Percent itemizing: 10.46%
Savings per tax return using itemization: $5,510

Senior deduction

Expected value across all tax returns: $180.29
Population aged 65+: 18.58%
Median senior income: $57,125
Average savings per senior: $970.56

Estate and gift tax

Expected value across all tax returns: $638.40
Number of estate returns: 1,915
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $66.90
Average auto loan account balance: $21,466
Annual interest rate payments at 7.86%: $1,556.66
Annual tax savings per new auto: $285.89

Tips

Expected value across all returns: $32.52
Number of waiters/waitresses: 129,930
Median income for waiters/waitresses: $46,270
Annual tax savings per tipped worker: $3,000.00

Trump Account

Expected value across all tax returns: $14.60
Children born per 1,000 women age 20–34: 69
Estimated children born per year: 140,116

Child Tax Credit

Expected value across all returns: $63.53
Number of qualifying children: 3,049,060

9. Delaware – Total Expected Value: $1,721.83

Standard deduction

Expected value across all tax returns: $178.70
Percent standardizing: 90.46%
Savings per tax return using standard deduction: $197.55

SALT deduction

Expected value across all tax returns: $533.03
Percent itemizing: 9.54%
Savings per tax return using itemization: $5,586

Senior deduction

Expected value across all tax returns: $245.25
Population aged 65+: 21.32%
Median senior income: $65,590
Average savings per senior: $1,150.56

Estate and gift tax

Expected value across all tax returns: $566.33
Number of estate returns: 88
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $81.70
Average auto loan account balance: $22,921
Annual interest rate payments at 7.86%: $1,662.17
Annual tax savings per new auto: $309.48

Tips

Expected value across all returns: $30.74
Number of waiters/waitresses: 7,650
Median income for waiters/waitresses: $32,870
Annual tax savings per tipped worker: $2,411.00

Trump Account

Expected value across all tax returns: $17.03
Children born per 1,000 women age 20–34: 88
Estimated children born per year: 8,469

Child Tax Credit

Expected value across all returns: $69.04
Number of qualifying children: 171,653

10. Maryland – Total Expected Value: $1,712.15

Standard deduction

Expected value across all tax returns: $135.80
Percent standardizing: 79.76%
Savings per tax return using standard deduction: $170.26

SALT deduction

Expected value across all tax returns: $596.08
Percent itemizing: 20.24%
Savings per tax return using itemization: $2,945

Senior deduction

Expected value across all tax returns: $239.21
Population aged 65+: 17.26%
Median senior income: $72,118
Average savings per senior: $1,386.00

Estate and gift tax

Expected value across all tax returns: $526.65
Number of estate returns: 656
Tax savings per estate: $2,452,180

Auto loan interest

Expected value across all tax returns: $101.93
Average auto loan account balance: $24,253
Annual interest rate payments at 7.86%: $1,758.76
Annual tax savings per new auto: $287.95

Tips

Expected value across all returns: $23.42
Number of waiters/waitresses: 35,180
Median income for waiters/waitresses: $35,090
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $16.61
Children born per 1,000 women age 20–34: 85
Estimated children born per year: 50,730

Child Tax Credit

Expected value across all returns: $72.44
Number of qualifying children: 1,106,398

11. Iowa – Total Expected Value: $1,698.40

Standard deduction

Expected value across all tax returns: $168.44
Percent standardizing: 93.57%
Savings per tax return using standard deduction: $180.00

SALT deduction

Expected value across all tax returns: $289.93
Percent itemizing: 6.43%
Savings per tax return using itemization: $4,511

Senior deduction

Expected value across all tax returns: $187.34
Population aged 65+: 18.55%
Median senior income: $51,575
Average savings per senior: $1,009.92

Estate and gift tax

Expected value across all tax returns: $840.16
Number of estate returns: 560
Tax savings per estate: $2,197,393

Auto loan interest

Expected value across all tax returns: $92.27
Average auto loan account balance: $22,872
Annual interest rate payments at 7.86%: $1,658.62
Annual tax savings per new auto: $249.39

Tips

Expected value across all returns: $14.26
Number of waiters/waitresses: 19,370
Median income for waiters/waitresses: $23,960
Annual tax savings per tipped worker: $1,389.00

Trump Account

Expected value across all tax returns: $22.92
Children born per 1,000 women age 20–34: 108
Estimated children born per year: 33,564

Child Tax Credit

Expected value across all returns: $83.08
Number of qualifying children: 608,447

12. Rhode Island – Total Expected Value: $1,686.47

Standard deduction

Expected value across all tax returns: $177.76
Percent standardizing: 91.71%
Savings per tax return using standard deduction: $193.83

SALT deduction

Expected value across all tax returns: $473.49
Percent itemizing: 8.29%
Savings per tax return using itemization: $5,711

Senior deduction

Expected value across all tax returns: $188.45
Population aged 65+: 19.38%
Median senior income: $57,865
Average savings per senior: $972.48

Estate and gift tax

Expected value across all tax returns: $652.03
Number of estate returns: 166
Tax savings per estate: $2,199,072

Auto loan interest

Expected value across all tax returns: $83.05
Average auto loan account balance: $19,597
Annual interest rate payments at 7.86%: $1,421.12
Annual tax savings per new auto: $270.52

Tips

Expected value across all returns: $37.78
Number of waiters/waitresses: 10,280
Median income for waiters/waitresses: $45,240
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $13.77
Children born per 1,000 women age 20–34: 67
Estimated children born per year: 7,708

Child Tax Credit

Expected value across all returns: $60.15
Number of qualifying children: 168,375

13. New Hampshire – Total Expected Value: $1,679.05

Standard deduction

Expected value across all tax returns: $192.78
Percent standardizing: 92.15%
Savings per tax return using standard deduction: $209.20

SALT deduction

Expected value across all tax returns: $459.41
Percent itemizing: 7.85%
Savings per tax return using itemization: $5,853

Senior deduction

Expected value across all tax returns: $237.95
Population aged 65+: 20.68%
Median senior income: $63,279
Average savings per senior: $1,150.56

Estate and gift tax

Expected value across all tax returns: $625.54
Number of estate returns: 152
Tax savings per estate: $2,975,697

Auto loan interest

Expected value across all tax returns: $60.96
Average auto loan account balance: $21,119
Annual interest rate payments at 7.86%: $1,531.49
Annual tax savings per new auto: $298.81

Tips

Expected value across all returns: $29.75
Number of waiters/waitresses: 10,250
Median income for waiters/waitresses: $39,320
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $13.14
Children born per 1,000 women age 20–34: 73
Estimated children born per year: 9,504

Child Tax Credit

Expected value across all returns: $59.51
Number of qualifying children: 215,158

14. Florida – Total Expected Value: $1,665.24

Standard deduction

Expected value across all tax returns: $147.64
Percent standardizing: 91.65%
Savings per tax return using standard deduction: $161.08

SALT deduction

Expected value across all tax returns: $350.92
Percent itemizing: 8.35%
Savings per tax return using itemization: $4,204

Senior deduction

Expected value across all tax returns: $215.90
Population aged 65+: 21.75%
Median senior income: $55,569
Average savings per senior: $992.64

Estate and gift tax

Expected value across all tax returns: $748.66
Number of estate returns: 2,553
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $88.77
Average auto loan account balance: $25,617
Annual interest rate payments at 7.86%: $1,857.68
Annual tax savings per new auto: $260.31

Tips

Expected value across all returns: $32.98
Number of waiters/waitresses: 188,070
Median income for waiters/waitresses: $29,320
Annual tax savings per tipped worker: $2,335.00

Trump Account

Expected value across all tax returns: $15.28
Children born per 1,000 women age 20–34: 80
Estimated children born per year: 166,748

Child Tax Credit

Expected value across all returns: $65.11
Number of qualifying children: 3,552,273

15. Utah – Total Expected Value: $1,648.82

Standard deduction

Expected value across all tax returns: $172.60
Percent standardizing: 86.01%
Savings per tax return using standard deduction: $200.67

SALT deduction

Expected value across all tax returns: $715.91
Percent itemizing: 13.99%
Savings per tax return using itemization: $5,119

Senior deduction

Expected value across all tax returns: $169.93
Population aged 65+: 12.16%
Median senior income: $67,374
Average savings per senior: $1,396.92

Estate and gift tax

Expected value across all tax returns: $320.44
Number of estate returns: 188
Tax savings per estate: $2,545,569

Auto loan interest

Expected value across all tax returns: $121.84
Average auto loan account balance: $24,103
Annual interest rate payments at 7.86%: $1,747.88
Annual tax savings per new auto: $317.28

Tips

Expected value across all returns: $15.25
Number of waiters/waitresses: 17,200
Median income for waiters/waitresses: $29,760
Annual tax savings per tipped worker: $1,834.00

Trump Account

Expected value across all tax returns: $27.15
Children born per 1,000 women age 20–34: 103
Estimated children born per year: 40,550

Child Tax Credit

Expected value across all returns: $105.71
Number of qualifying children: 789,386

16. North Dakota – Total Expected Value: $1,642.13

Standard deduction

Expected value across all tax returns: $170.35
Percent standardizing: 95.23%
Savings per tax return using standard deduction: $178.88

SALT deduction

Expected value across all tax returns: $216.63
Percent itemizing: 4.77%
Savings per tax return using itemization: $4,541

Senior deduction

Expected value across all tax returns: $172.24
Population aged 65+: 17.09%
Median senior income: $53,059
Average savings per senior: $1,008.00

Estate and gift tax

Expected value across all tax returns: $871.51
Number of estate returns: 118
Tax savings per estate: $2,679,890

Auto loan interest

Expected value across all tax returns: $82.17
Average auto loan account balance: $25,462
Annual interest rate payments at 7.86%: $1,846.44
Annual tax savings per new auto: $279.49

Tips

Expected value across all returns: $21.17
Number of waiters/waitresses: 4,900
Median income for waiters/waitresses: $29,620
Annual tax savings per tipped worker: $2,032.00

Trump Account

Expected value across all tax returns: $24.64
Children born per 1,000 women age 20–34: 105
Estimated children born per year: 8,941

Child Tax Credit

Expected value across all returns: $83.42
Number of qualifying children: 151,348

17. Wyoming – Total Expected Value: $1,638.48

Standard deduction

Expected value across all tax returns: $173.30
Percent standardizing: 94.61%
Savings per tax return using standard deduction: $183.17

SALT deduction

Expected value across all tax returns: $246.72
Percent itemizing: 5.39%
Savings per tax return using itemization: $4,581

Senior deduction

Expected value across all tax returns: $193.92
Population aged 65+: 19.19%
Median senior income: $53,962
Average savings per senior: $1,010.40

Estate and gift tax

Expected value across all tax returns: $801.92
Number of estate returns: 69
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $102.52
Average auto loan account balance: $27,972
Annual interest rate payments at 7.86%: $2,028.45
Annual tax savings per new auto: $309.73

Tips

Expected value across all returns: $16.05
Number of waiters/waitresses: 3,480
Median income for waiters/waitresses: $25,560
Annual tax savings per tipped worker: $1,577.00

Trump Account

Expected value across all tax returns: $23.89
Children born per 1,000 women age 20–34: 120
Estimated children born per year: 6,577

Child Tax Credit

Expected value across all returns: $80.16
Number of qualifying children: 110,354

18. Illinois – Total Expected Value: $1,628.55

Standard deduction

Expected value across all tax returns: $180.49
Percent standardizing: 91.13%
Savings per tax return using standard deduction: $198.05

SALT deduction

Expected value across all tax returns: $500.17
Percent itemizing: 8.87%
Savings per tax return using itemization: $5,640

Senior deduction

Expected value across all tax returns: $172.62
Population aged 65+: 17.58%
Median senior income: $56,316
Average savings per senior: $982.08

Estate and gift tax

Expected value across all tax returns: $583.10
Number of estate returns: 1,332
Tax savings per estate: $2,640,164

Auto loan interest

Expected value across all tax returns: $85.08
Average auto loan account balance: $22,860
Annual interest rate payments at 7.86%: $1,657.75
Annual tax savings per new auto: $311.64

Tips

Expected value across all returns: $18.65
Number of waiters/waitresses: 76,500
Median income for waiters/waitresses: $29,120
Annual tax savings per tipped worker: $1,863.00

Trump Account

Expected value across all tax returns: $15.73
Children born per 1,000 women age 20–34: 75
Estimated children born per year: 94,877

Child Tax Credit

Expected value across all returns: $72.71
Number of qualifying children: 2,192,654

19. Minnesota – Total Expected Value: $1,620.57

Standard deduction

Expected value across all tax returns: $185.68
Percent standardizing: 90.94%
Savings per tax return using standard deduction: $204.19

SALT deduction

Expected value across all tax returns: $520.31
Percent itemizing: 9.06%
Savings per tax return using itemization: $5,741

Senior deduction

Expected value across all tax returns: $179.11
Population aged 65+: 17.88%
Median senior income: $57,685
Average savings per senior: $1,001.76

Estate and gift tax

Expected value across all tax returns: $536.42
Number of estate returns: 631
Tax savings per estate: $2,412,699

Auto loan interest

Expected value across all tax returns: $93.94
Average auto loan account balance: $21,357
Annual interest rate payments at 7.86%: $1,548.75
Annual tax savings per new auto: $296.36

Tips

Expected value across all returns: $11.79
Number of waiters/waitresses: 34,070
Median income for waiters/waitresses: $24,280
Annual tax savings per tipped worker: $1,182.00

Trump Account

Expected value across all tax returns: $16.87
Children born per 1,000 women age 20–34: 88
Estimated children born per year: 47,877

Child Tax Credit

Expected value across all returns: $76.45
Number of qualifying children: 1,084,846

20. Colorado – Total Expected Value: $1,575.53

Standard deduction

Expected value across all tax returns: $172.65
Percent standardizing: 88.30%
Savings per tax return using standard deduction: $195.52

SALT deduction

Expected value across all tax returns: $534.01
Percent itemizing: 11.70%
Savings per tax return using itemization: $4,566

Senior deduction

Expected value across all tax returns: $184.32
Population aged 65+: 16.07%
Median senior income: $64,210
Average savings per senior: $1,146.96

Estate and gift tax

Expected value across all tax returns: $485.97
Number of estate returns: 509
Tax savings per estate: $2,791,990

Auto loan interest

Expected value across all tax returns: $88.39
Average auto loan account balance: $24,381
Annual interest rate payments at 7.86%: $1,768.04
Annual tax savings per new auto: $328.57

Tips

Expected value across all returns: $26.33
Number of waiters/waitresses: 39,200
Median income for waiters/waitresses: $34,980
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $16.31
Children born per 1,000 women age 20–34: 74
Estimated children born per year: 47,692

Child Tax Credit

Expected value across all returns: $67.56
Number of qualifying children: 987,816

21. Nevada – Total Expected Value: $1,547.37

Standard deduction

Expected value across all tax returns: $176.70
Percent standardizing: 91.37%
Savings per tax return using standard deduction: $193.39

SALT deduction

Expected value across all tax returns: $484.45
Percent itemizing: 8.63%
Savings per tax return using itemization: $5,612

Senior deduction

Expected value across all tax returns: $192.73
Population aged 65+: 17.37%
Median senior income: $59,338
Average savings per senior: $1,109.52

Estate and gift tax

Expected value across all tax returns: $449.46
Number of estate returns: 214
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $121.91
Average auto loan account balance: $26,667
Annual interest rate payments at 7.86%: $1,933.82
Annual tax savings per new auto: $361.74

Tips

Expected value across all returns: $30.40
Number of waiters/waitresses: 37,470
Median income for waiters/waitresses: $24,960
Annual tax savings per tipped worker: $1,586.00

Trump Account

Expected value across all tax returns: $17.71
Children born per 1,000 women age 20–34: 85
Estimated children born per year: 26,978

Child Tax Credit

Expected value across all returns: $74.02
Number of qualifying children: 563,876

22. South Dakota – Total Expected Value: $1,531.80

Standard deduction

Expected value across all tax returns: $173.74
Percent standardizing: 95.39%
Savings per tax return using standard deduction: $182.13

SALT deduction

Expected value across all tax returns: $211.18
Percent itemizing: 4.61%
Savings per tax return using itemization: $4,585

Senior deduction

Expected value across all tax returns: $185.06
Population aged 65+: 18.45%
Median senior income: $53,981
Average savings per senior: $1,003.20

Estate and gift tax

Expected value across all tax returns: $712.96
Number of estate returns: 139
Tax savings per estate: $2,225,928

Auto loan interest

Expected value across all tax returns: $123.89
Average auto loan account balance: $23,388
Annual interest rate payments at 7.86%: $1,696.03
Annual tax savings per new auto: $259.18

Tips

Expected value across all returns: $18.56
Number of waiters/waitresses: 6,510
Median income for waiters/waitresses: $29,220
Annual tax savings per tipped worker: $1,514.00

Trump Account

Expected value across all tax returns: $24.44
Children born per 1,000 women age 20–34: 125
Estimated children born per year: 10,605

Child Tax Credit

Expected value across all returns: $81.97
Number of qualifying children: 177,865

23. Washington – Total Expected Value: $1,525.22

Standard deduction

Expected value across all tax returns: $175.56
Percent standardizing: 88.16%
Savings per tax return using standard deduction: $199.15

SALT deduction

Expected value across all tax returns: $305.45
Percent itemizing: 11.84%
Savings per tax return using itemization: $2,579

Senior deduction

Expected value across all tax returns: $195.48
Population aged 65+: 17.14%
Median senior income: $63,963
Average savings per senior: $1,140.48

Estate and gift tax

Expected value across all tax returns: $645.08
Number of estate returns: 1,052
Tax savings per estate: $2,272,053

Auto loan interest

Expected value across all tax returns: $89.13
Average auto loan account balance: $24,965
Annual interest rate payments at 7.86%: $1,810.39
Annual tax savings per new auto: $335.09

Tips

Expected value across all returns: $24.72
Number of waiters/waitresses: 39,770
Median income for waiters/waitresses: $47,490
Annual tax savings per tipped worker: $3,000.00

Trump Account

Expected value across all tax returns: $17.95
Children born per 1,000 women age 20–34: 81
Estimated children born per year: 66,493

Child Tax Credit

Expected value across all returns: $71.84
Number of qualifying children: 1,331,012

24. Nebraska – Total Expected Value: $1,496.91

Standard deduction

Expected value across all tax returns: $166.37
Percent standardizing: 93.68%
Savings per tax return using standard deduction: $177.59

SALT deduction

Expected value across all tax returns: $283.24
Percent itemizing: 6.32%
Savings per tax return using itemization: $4,481

Senior deduction

Expected value across all tax returns: $174.61
Population aged 65+: 17.23%
Median senior income: $55,124
Average savings per senior: $1,013.28

Estate and gift tax

Expected value across all tax returns: $664.08
Number of estate returns: 255
Tax savings per estate: $2,413,886

Auto loan interest

Expected value across all tax returns: $77.10
Average auto loan account balance: $22,598
Annual interest rate payments at 7.86%: $1,638.75
Annual tax savings per new auto: $244.77

Tips

Expected value across all returns: $23.66
Number of waiters/waitresses: 11,450
Median income for waiters/waitresses: $34,750
Annual tax savings per tipped worker: $2,395.00

Trump Account

Expected value across all tax returns: $20.80
Children born per 1,000 women age 20–34: 98
Estimated children born per year: 19,283

Child Tax Credit

Expected value across all returns: $87.04
Number of qualifying children: 403,395

25. Montana – Total Expected Value: $1,462.08

Standard deduction

Expected value across all tax returns: $157.74
Percent standardizing: 91.67%
Savings per tax return using standard deduction: $172.08

SALT deduction

Expected value across all tax returns: $364.62
Percent itemizing: 8.33%
Savings per tax return using itemization: $4,375

Senior deduction

Expected value across all tax returns: $207.57
Population aged 65+: 20.48%
Median senior income: $54,222
Average savings per senior: $1,013.76

Estate and gift tax

Expected value across all tax returns: $547.15
Number of estate returns: 129
Tax savings per estate: $2,289,512

Auto loan interest

Expected value across all tax returns: $84.19
Average auto loan account balance: $24,052
Annual interest rate payments at 7.86%: $1,744.19
Annual tax savings per new auto: $254.34

Tips

Expected value across all returns: $13.55
Number of waiters/waitresses: 6,780
Median income for waiters/waitresses: $22,530
Annual tax savings per tipped worker: $1,330.00

Trump Account

Expected value across all tax returns: $17.73
Children born per 1,000 women age 20–34: 88
Estimated children born per year: 9,570

Child Tax Credit

Expected value across all returns: $69.53
Number of qualifying children: 187,651

26. Kansas – Total Expected Value: $1,443.23

Standard deduction

Expected value across all tax returns: $165.73
Percent standardizing: 93.20%
Savings per tax return using standard deduction: $177.82

SALT deduction

Expected value across all tax returns: $304.01
Percent itemizing: 6.80%
Savings per tax return using itemization: $4,471

Senior deduction

Expected value across all tax returns: $176.76
Population aged 65+: 17.63%
Median senior income: $52,955
Average savings per senior: $1,002.72

Estate and gift tax

Expected value across all tax returns: $580.18
Number of estate returns: 271
Tax savings per estate: $2,871,292

Auto loan interest

Expected value across all tax returns: $90.25
Average auto loan account balance: $23,725
Annual interest rate payments at 7.86%: $1,720.47
Annual tax savings per new auto: $256.39

Tips

Expected value across all returns: $20.70
Number of waiters/waitresses: 18,130
Median income for waiters/waitresses: $33,560
Annual tax savings per tipped worker: $1,981.00

Trump Account

Expected value across all tax returns: $21.32
Children born per 1,000 women age 20–34: 97
Estimated children born per year: 28,594

Child Tax Credit

Expected value across all returns: $84.27
Number of qualifying children: 565,131

27. North Carolina – Total Expected Value: $1,406.74

Standard deduction

Expected value across all tax returns: $156.37
Percent standardizing: 91.86%
Savings per tax return using standard deduction: $170.22

SALT deduction

Expected value across all tax returns: $351.84
Percent itemizing: 8.14%
Savings per tax return using itemization: $4,324

Senior deduction

Expected value across all tax returns: $175.72
Population aged 65+: 17.68%
Median senior income: $51,285
Average savings per senior: $994.08

Estate and gift tax

Expected value across all tax returns: $524.44
Number of estate returns: 798
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $84.84
Average auto loan account balance: $24,160
Annual interest rate payments at 7.86%: $1,752.02
Annual tax savings per new auto: $252.51

Tips

Expected value across all returns: $17.43
Number of waiters/waitresses: 68,260
Median income for waiters/waitresses: $28,100
Annual tax savings per tipped worker: $1,685.00

Trump Account

Expected value across all tax returns: $19.06
Children born per 1,000 women age 20–34: 84
Estimated children born per year: 92,819

Child Tax Credit

Expected value across all returns: $77.03
Number of qualifying children: 1,875,393

28. Pennsylvania – Total Expected Value: $1,335.73

Standard deduction

Expected value across all tax returns: $156.62
Percent standardizing: 92.90%
Savings per tax return using standard deduction: $168.60

SALT deduction

Expected value across all tax returns: $308.65
Percent itemizing: 7.10%
Savings per tax return using itemization: $4,345

Senior deduction

Expected value across all tax returns: $198.09
Population aged 65+: 20.04%
Median senior income: $52,474
Average savings per senior: $988.32

Estate and gift tax

Expected value across all tax returns: $498.81
Number of estate returns: 1,116
Tax savings per estate: $2,787,456

Auto loan interest

Expected value across all tax returns: $68.31
Average auto loan account balance: $21,186
Annual interest rate payments at 7.86%: $1,536.35
Annual tax savings per new auto: $222.52

Tips

Expected value across all returns: $20.39
Number of waiters/waitresses: 74,230
Median income for waiters/waitresses: $30,280
Annual tax savings per tipped worker: $2,126.00

Trump Account

Expected value across all tax returns: $16.93
Children born per 1,000 women age 20–34: 85
Estimated children born per year: 105,610

Child Tax Credit

Expected value across all returns: $67.92
Number of qualifying children: 2,117,927

29. Idaho – Total Expected Value: $1,293.47

Standard deduction

Expected value across all tax returns: $167.89
Percent standardizing: 91.44%
Savings per tax return using standard deduction: $183.61

SALT deduction

Expected value across all tax returns: $385.89
Percent itemizing: 8.56%
Savings per tax return using itemization: $4,509

Senior deduction

Expected value across all tax returns: $178.69
Population aged 65+: 17.42%
Median senior income: $57,539
Average savings per senior: $1,025.76

Estate and gift tax

Expected value across all tax returns: $342.99
Number of estate returns: 125
Tax savings per estate: $2,344,160

Auto loan interest

Expected value across all tax returns: $88.09
Average auto loan account balance: $25,254
Annual interest rate payments at 7.86%: $1,831.35
Annual tax savings per new auto: $275.27

Tips

Expected value across all returns: $16.97
Number of waiters/waitresses: 10,710
Median income for waiters/waitresses: $30,830
Annual tax savings per tipped worker: $1,832.00

Trump Account

Expected value across all tax returns: $20.74
Children born per 1,000 women age 20–34: 92
Estimated children born per year: 17,719

Child Tax Credit

Expected value across all returns: $92.20
Number of qualifying children: 393,863

30. Arizona – Total Expected Value: $1,290.00

Standard deduction

Expected value across all tax returns: $181.01
Percent standardizing: 91.11%
Savings per tax return using standard deduction: $198.67

SALT deduction

Expected value across all tax returns: $343.65
Percent itemizing: 8.89%
Savings per tax return using itemization: $3,866

Senior deduction

Expected value across all tax returns: $193.90
Population aged 65+: 19.35%
Median senior income: $57,753
Average savings per senior: $1,002.24

Estate and gift tax

Expected value across all tax returns: $354.93
Number of estate returns: 424
Tax savings per estate: $2,774,078

Auto loan interest

Expected value across all tax returns: $91.03
Average auto loan account balance: $26,474
Annual interest rate payments at 7.86%: $1,919.82
Annual tax savings per new auto: $359.80

Tips

Expected value across all returns: $28.24
Number of waiters/waitresses: 49,860
Median income for waiters/waitresses: $36,900
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $18.45
Children born per 1,000 women age 20–34: 80
Estimated children born per year: 61,138

Child Tax Credit

Expected value across all returns: $78.79
Number of qualifying children: 1,305,533

31. Texas – Total Expected Value: $1,287.84

Standard deduction

Expected value across all tax returns: $154.84
Percent standardizing: 92.04%
Savings per tax return using standard deduction: $168.23

SALT deduction

Expected value across all tax returns: $342.28
Percent itemizing: 7.96%
Savings per tax return using itemization: $4,299

Senior deduction

Expected value across all tax returns: $137.11
Population aged 65+: 13.75%
Median senior income: $55,533
Average savings per senior: $996.96

Estate and gift tax

Expected value across all tax returns: $419.14
Number of estate returns: 1,815
Tax savings per estate: $3,095,637

Auto loan interest

Expected value across all tax returns: $106.38
Average auto loan account balance: $29,760
Annual interest rate payments at 7.86%: $2,158.12
Annual tax savings per new auto: $309.26

Tips

Expected value across all returns: $16.74
Number of waiters/waitresses: 196,480
Median income for waiters/waitresses: $27,790
Annual tax savings per tipped worker: $1,599.00

Trump Account

Expected value across all tax returns: $22.26
Children born per 1,000 women age 20–34: 92
Estimated children born per year: 298,388

Child Tax Credit

Expected value across all returns: $89.09
Number of qualifying children: 5,971,230

32. Vermont – Total Expected Value: $1,269.41

Standard deduction

Expected value across all tax returns: $160.86
Percent standardizing: 94.06%
Savings per tax return using standard deduction: $171.02

SALT deduction

Expected value across all tax returns: $262.77
Percent itemizing: 5.94%
Savings per tax return using itemization: $4,421

Senior deduction

Expected value across all tax returns: $223.39
Population aged 65+: 22.15%
Median senior income: $55,201
Average savings per senior: $1,008.48

Estate and gift tax

Expected value across all tax returns: $397.97
Number of estate returns: 57
Tax savings per estate: $2,309,439

Auto loan interest

Expected value across all tax returns: $131.56
Average auto loan account balance: $21,410
Annual interest rate payments at 7.86%: $1,552.60
Annual tax savings per new auto: $228.80

Tips

Expected value across all returns: $25.90
Number of waiters/waitresses: 3,360
Median income for waiters/waitresses: $61,150
Annual tax savings per tipped worker: $3,000.00

Trump Account

Expected value across all tax returns: $10.45
Children born per 1,000 women age 20–34: 59
Estimated children born per year: 3,456

Child Tax Credit

Expected value across all returns: $56.52
Number of qualifying children: 93,468

33. Georgia – Total Expected Value: $1,262.06

Standard deduction

Expected value across all tax returns: $137.43
Percent standardizing: 88.19%
Savings per tax return using standard deduction: $155.83

SALT deduction

Expected value across all tax returns: $477.19
Percent itemizing: 11.81%
Savings per tax return using itemization: $4,042

Senior deduction

Expected value across all tax returns: $151.75
Population aged 65+: 15.41%
Median senior income: $53,005
Average savings per senior: $984.96

Estate and gift tax

Expected value across all tax returns: $298.70
Number of estate returns: 531
Tax savings per estate: $2,727,092

Auto loan interest

Expected value across all tax returns: $83.37
Average auto loan account balance: $26,175
Annual interest rate payments at 7.86%: $1,898.14
Annual tax savings per new auto: $255.74

Tips

Expected value across all returns: $11.03
Number of waiters/waitresses: 66,390
Median income for waiters/waitresses: $19,460
Annual tax savings per tipped worker: $1,129.00

Trump Account

Expected value across all tax returns: $21.50
Children born per 1,000 women age 20–34: 90
Estimated children born per year: 104,255

Child Tax Credit

Expected value across all returns: $81.08
Number of qualifying children: 1,965,455

34. Maine – Total Expected Value: $1,250.47

Standard deduction

Expected value across all tax returns: $162.93
Percent standardizing: 94.02%
Savings per tax return using standard deduction: $173.30

SALT deduction

Expected value across all tax returns: $265.89
Percent itemizing: 5.98%
Savings per tax return using itemization: $4,445

Senior deduction

Expected value across all tax returns: $230.09
Population aged 65+: 22.94%
Median senior income: $54,821
Average savings per senior: $1,003.20

Estate and gift tax

Expected value across all tax returns: $409.50
Number of estate returns: 106
Tax savings per estate: $2,696,538

Auto loan interest

Expected value across all tax returns: $81.86
Average auto loan account balance: $22,018
Annual interest rate payments at 7.86%: $1,596.69
Annual tax savings per new auto: $236.59

Tips

Expected value across all returns: $28.92
Number of waiters/waitresses: 8,000
Median income for waiters/waitresses: $45,590
Annual tax savings per tipped worker: $3,000.00

Trump Account

Expected value across all tax returns: $13.08
Children born per 1,000 women age 20–34: 73
Estimated children born per year: 9,131

Child Tax Credit

Expected value across all returns: $58.18
Number of qualifying children: 203,049

35. Alaska – Total Expected Value: $1,249.04

Standard deduction

Expected value across all tax returns: $196.87
Percent standardizing: 94.37%
Savings per tax return using standard deduction: $208.62

SALT deduction

Expected value across all tax returns: $333.99
Percent itemizing: 5.63%
Savings per tax return using itemization: $5,929

Senior deduction

Expected value across all tax returns: $194.58
Population aged 65+: 14.04%
Median senior income: $67,208
Average savings per senior: $1,385.52

Estate and gift tax

Expected value across all tax returns: $305.61
Number of estate returns: 34
Tax savings per estate: $3,097,324

Auto loan interest

Expected value across all tax returns: $98.02
Average auto loan account balance: $27,246
Annual interest rate payments at 7.86%: $1,975.81
Annual tax savings per new auto: $390.52

Tips

Expected value across all returns: $18.98
Number of waiters/waitresses: 3,920
Median income for waiters/waitresses: $27,370
Annual tax savings per tipped worker: $2,208.00

Trump Account

Expected value across all tax returns: $18.89
Children born per 1,000 women age 20–34: 85
Estimated children born per year: 6,509

Child Tax Credit

Expected value across all returns: $82.10
Number of qualifying children: 141,458

36. South Carolina – Total Expected Value: $1,242.36

Standard deduction

Expected value across all tax returns: $156.00
Percent standardizing: 92.30%
Savings per tax return using standard deduction: $169.01

SALT deduction

Expected value across all tax returns: $332.03
Percent itemizing: 7.70%
Savings per tax return using itemization: $4,315

Senior deduction

Expected value across all tax returns: $193.53
Population aged 65+: 19.32%
Median senior income: $52,841
Average savings per senior: $1,001.76

Estate and gift tax

Expected value across all tax returns: $374.87
Number of estate returns: 357
Tax savings per estate: $2,568,375

Auto loan interest

Expected value across all tax returns: $79.93
Average auto loan account balance: $23,949
Annual interest rate payments at 7.86%: $1,736.72
Annual tax savings per new auto: $249.79

Tips

Expected value across all returns: $10.47
Number of waiters/waitresses: 40,640
Median income for waiters/waitresses: $18,400
Annual tax savings per tipped worker: $823.00

Trump Account

Expected value across all tax returns: $19.90
Children born per 1,000 women age 20–34: 93
Estimated children born per year: 48,671

Child Tax Credit

Expected value across all returns: $75.62
Number of qualifying children: 924,833

37. Missouri – Total Expected Value: $1,220.91

Standard deduction

Expected value across all tax returns: $163.32
Percent standardizing: 93.66%
Savings per tax return using standard deduction: $174.38

SALT deduction

Expected value across all tax returns: $281.12
Percent itemizing: 6.34%
Savings per tax return using itemization: $4,432

Senior deduction

Expected value across all tax returns: $182.13
Population aged 65+: 18.37%
Median senior income: $50,535
Average savings per senior: $991.20

Estate and gift tax

Expected value across all tax returns: $384.28
Number of estate returns: 435
Tax savings per estate: $2,501,515

Auto loan interest

Expected value across all tax returns: $92.92
Average auto loan account balance: $22,825
Annual interest rate payments at 7.86%: $1,655.21
Annual tax savings per new auto: $244.52

Tips

Expected value across all returns: $18.43
Number of waiters/waitresses: 40,110
Median income for waiters/waitresses: $26,580
Annual tax savings per tipped worker: $1,694.00

Trump Account

Expected value across all tax returns: $20.61
Children born per 1,000 women age 20–34: 95
Estimated children born per year: 58,375

Child Tax Credit

Expected value across all returns: $78.11
Number of qualifying children: 1,105,889

38. Alabama – Total Expected Value: $1,193.24

Standard deduction

Expected value across all tax returns: $158.01
Percent standardizing: 92.59%
Savings per tax return using standard deduction: $170.67

SALT deduction

Expected value across all tax returns: $321.02
Percent itemizing: 7.41%
Savings per tax return using itemization: $4,330

Senior deduction

Expected value across all tax returns: $180.42
Population aged 65+: 18.25%
Median senior income: $47,884
Average savings per senior: $988.80

Estate and gift tax

Expected value across all tax returns: $344.66
Number of estate returns: 228
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $76.51
Average auto loan account balance: $25,828
Annual interest rate payments at 7.86%: $1,872.98
Annual tax savings per new auto: $270.35

Tips

Expected value across all returns: $7.62
Number of waiters/waitresses: 26,890
Median income for waiters/waitresses: $21,880
Annual tax savings per tipped worker: $863.00

Trump Account

Expected value across all tax returns: $22.18
Children born per 1,000 women age 20–34: 93
Estimated children born per year: 46,960

Child Tax Credit

Expected value across all returns: $82.82
Number of qualifying children: 876,603

39. Wisconsin – Total Expected Value: $1,178.27

Standard deduction

Expected value across all tax returns: $163.86
Percent standardizing: 93.81%
Savings per tax return using standard deduction: $174.67

SALT deduction

Expected value across all tax returns: $275.66
Percent itemizing: 6.19%
Savings per tax return using itemization: $4,455

Senior deduction

Expected value across all tax returns: $192.82
Population aged 65+: 19.17%
Median senior income: $52,916
Average savings per senior: $1,005.60

Estate and gift tax

Expected value across all tax returns: $376.21
Number of estate returns: 473
Tax savings per estate: $2,309,207

Auto loan interest

Expected value across all tax returns: $66.32
Average auto loan account balance: $21,092
Annual interest rate payments at 7.86%: $1,529.54
Annual tax savings per new auto: $227.13

Tips

Expected value across all returns: $17.01
Number of waiters/waitresses: 36,100
Median income for waiters/waitresses: $29,080
Annual tax savings per tipped worker: $1,665.00

Trump Account

Expected value across all tax returns: $15.65
Children born per 1,000 women age 20–34: 80
Estimated children born per year: 45,430

Child Tax Credit

Expected value across all returns: $70.74
Number of qualifying children: 1,026,935

40. Ohio – Total Expected Value: $1,104.07

Standard deduction

Expected value across all tax returns: $160.32
Percent standardizing: 94.73%
Savings per tax return using standard deduction: $169.23

SALT deduction

Expected value across all tax returns: $231.32
Percent itemizing: 5.27%
Savings per tax return using itemization: $4,390

Senior deduction

Expected value across all tax returns: $184.30
Population aged 65+: 18.79%
Median senior income: $49,869
Average savings per senior: $981.12

Estate and gift tax

Expected value across all tax returns: $330.90
Number of estate returns: 653
Tax savings per estate: $2,851,124

Auto loan interest

Expected value across all tax returns: $82.18
Average auto loan account balance: $21,158
Annual interest rate payments at 7.86%: $1,534.32
Annual tax savings per new auto: $224.54

Tips

Expected value across all returns: $23.12
Number of waiters/waitresses: 68,920
Median income for waiters/waitresses: $36,420
Annual tax savings per tipped worker: $2,349.00

Trump Account

Expected value across all tax returns: $18.94
Children born per 1,000 women age 20–34: 92
Estimated children born per year: 106,550

Child Tax Credit

Expected value across all returns: $72.98
Number of qualifying children: 2,053,049

41. Michigan – Total Expected Value: $1,074.86

Standard deduction

Expected value across all tax returns: $160.33
Percent standardizing: 93.97%
Savings per tax return using standard deduction: $170.61

SALT deduction

Expected value across all tax returns: $265.02
Percent itemizing: 6.03%
Savings per tax return using itemization: $4,398

Senior deduction

Expected value across all tax returns: $191.46
Population aged 65+: 19.25%
Median senior income: $52,764
Average savings per senior: $994.56

Estate and gift tax

Expected value across all tax returns: $273.74
Number of estate returns: 466
Tax savings per estate: $2,821,871

Auto loan interest

Expected value across all tax returns: $72.98
Average auto loan account balance: $19,503
Annual interest rate payments at 7.86%: $1,414.31
Annual tax savings per new auto: $207.33

Tips

Expected value across all returns: $24.70
Number of waiters/waitresses: 59,230
Median income for waiters/waitresses: $36,070
Annual tax savings per tipped worker: $2,500.00

Trump Account

Expected value across all tax returns: $17.24
Children born per 1,000 women age 20–34: 83
Estimated children born per year: 82,799

Child Tax Credit

Expected value across all returns: $69.39
Number of qualifying children: 1,666,723

42. Tennessee – Total Expected Value: $1,048.62

Standard deduction

Expected value across all tax returns: $164.83
Percent standardizing: 94.15%
Savings per tax return using standard deduction: $175.07

SALT deduction

Expected value across all tax returns: $78.94
Percent itemizing: 5.85%
Savings per tax return using itemization: $1,349

Senior deduction

Expected value across all tax returns: $172.88
Population aged 65+: 17.49%
Median senior income: $50,271
Average savings per senior: $988.32

Estate and gift tax

Expected value across all tax returns: $418.02
Number of estate returns: 434
Tax savings per estate: $3,079,832

Auto loan interest

Expected value across all tax returns: $98.55
Average auto loan account balance: $25,414
Annual interest rate payments at 7.86%: $1,842.95
Annual tax savings per new auto: $272.99

Tips

Expected value across all returns: $16.79
Number of waiters/waitresses: 49,440
Median income for waiters/waitresses: $28,430
Annual tax savings per tipped worker: $1,466.00

Trump Account

Expected value across all tax returns: $20.85
Children born per 1,000 women age 20–34: 91
Estimated children born per year: 66,681

Child Tax Credit

Expected value across all returns: $77.76
Number of qualifying children: 1,243,136

43. Indiana – Total Expected Value: $1,047.47

Standard deduction

Expected value across all tax returns: $165.62
Percent standardizing: 94.67%
Savings per tax return using standard deduction: $174.94

SALT deduction

Expected value across all tax returns: $237.61
Percent itemizing: 5.33%
Savings per tax return using itemization: $4,461

Senior deduction

Expected value across all tax returns: $170.34
Population aged 65+: 17.22%
Median senior income: $50,047
Average savings per senior: $989.28

Estate and gift tax

Expected value across all tax returns: $267.74
Number of estate returns: 323
Tax savings per estate: $2,655,062

Auto loan interest

Expected value across all tax returns: $89.38
Average auto loan account balance: $22,161
Annual interest rate payments at 7.86%: $1,607.06
Annual tax savings per new auto: $238.98

Tips

Expected value across all returns: $15.23
Number of waiters/waitresses: 40,740
Median income for waiters/waitresses: $27,560
Annual tax savings per tipped worker: $1,533.00

Trump Account

Expected value across all tax returns: $20.80
Children born per 1,000 women age 20–34: 97
Estimated children born per year: 66,638

Child Tax Credit

Expected value across all returns: $80.75
Number of qualifying children: 1,293,266

44. Oklahoma – Total Expected Value: $1,030.67

Standard deduction

Expected value across all tax returns: $114.61
Percent standardizing: 93.29%
Savings per tax return using standard deduction: $122.85

SALT deduction

Expected value across all tax returns: $225.30
Percent itemizing: 6.71%
Savings per tax return using itemization: $3,359

Senior deduction

Expected value across all tax returns: $164.01
Population aged 65+: 16.70%
Median senior income: $49,495
Average savings per senior: $982.08

Estate and gift tax

Expected value across all tax returns: $325.15
Number of estate returns: 182
Tax savings per estate: $2,999,242

Auto loan interest

Expected value across all tax returns: $76.43
Average auto loan account balance: $26,822
Annual interest rate payments at 7.86%: $1,945.06
Annual tax savings per new auto: $217.75

Tips

Expected value across all returns: $12.42
Number of waiters/waitresses: 24,130
Median income for waiters/waitresses: $19,690
Annual tax savings per tipped worker: $1,241.00

Trump Account

Expected value across all tax returns: $23.70
Children born per 1,000 women age 20–34: 96
Estimated children born per year: 39,784

Child Tax Credit

Expected value across all returns: $89.07
Number of qualifying children: 747,639

45. New Mexico – Total Expected Value: $970.25

Standard deduction

Expected value across all tax returns: $110.59
Percent standardizing: 93.91%
Savings per tax return using standard deduction: $117.76

SALT deduction

Expected value across all tax returns: $205.90
Percent itemizing: 6.09%
Savings per tax return using itemization: $3,381

Senior deduction

Expected value across all tax returns: $194.76
Population aged 65+: 19.95%
Median senior income: $50,637
Average savings per senior: $976.32

Estate and gift tax

Expected value across all tax returns: $261.05
Number of estate returns: 82
Tax savings per estate: $3,067,841

Auto loan interest

Expected value across all tax returns: $83.70
Average auto loan account balance: $29,098
Annual interest rate payments at 7.86%: $2,110.11
Annual tax savings per new auto: $237.79

Tips

Expected value across all returns: $22.89
Number of waiters/waitresses: 12,550
Median income for waiters/waitresses: $30,260
Annual tax savings per tipped worker: $2,269.00

Trump Account

Expected value across all tax returns: $18.29
Children born per 1,000 women age 20–34: 84
Estimated children born per year: 17,629

Child Tax Credit

Expected value across all returns: $73.07
Number of qualifying children: 352,056

46. Arkansas – Total Expected Value: $967.17

Standard deduction

Expected value across all tax returns: $116.78
Percent standardizing: 94.11%
Savings per tax return using standard deduction: $124.09

SALT deduction

Expected value across all tax returns: $199.63
Percent itemizing: 5.89%
Savings per tax return using itemization: $3,388

Senior deduction

Expected value across all tax returns: $177.83
Population aged 65+: 17.96%
Median senior income: $44,695
Average savings per senior: $990.24

Estate and gift tax

Expected value across all tax returns: $276.55
Number of estate returns: 110
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $75.77
Average auto loan account balance: $26,742
Annual interest rate payments at 7.86%: $1,939.26
Annual tax savings per new auto: $219.00

Tips

Expected value across all returns: $12.64
Number of waiters/waitresses: 16,900
Median income for waiters/waitresses: $26,280
Annual tax savings per tipped worker: $1,358.00

Trump Account

Expected value across all tax returns: $21.64
Children born per 1,000 women age 20–34: 91
Estimated children born per year: 27,543

Child Tax Credit

Expected value across all returns: $86.34
Number of qualifying children: 549,483

47. Kentucky – Total Expected Value: $956.64

Standard deduction

Expected value across all tax returns: $116.53
Percent standardizing: 94.41%
Savings per tax return using standard deduction: $123.43

SALT deduction

Expected value across all tax returns: $190.03
Percent itemizing: 5.59%
Savings per tax return using itemization: $3,399

Senior deduction

Expected value across all tax returns: $175.56
Population aged 65+: 17.78%
Median senior income: $44,617
Average savings per senior: $987.36

Estate and gift tax

Expected value across all tax returns: $277.14
Number of estate returns: 180
Tax savings per estate: $2,995,833

Auto loan interest

Expected value across all tax returns: $81.47
Average auto loan account balance: $23,443
Annual interest rate payments at 7.86%: $1,700.02
Annual tax savings per new auto: $192.60

Tips

Expected value across all returns: $13.06
Number of waiters/waitresses: 26,220
Median income for waiters/waitresses: $22,410
Annual tax savings per tipped worker: $1,350.00

Trump Account

Expected value across all tax returns: $21.36
Children born per 1,000 women age 20–34: 92
Estimated children born per year: 41,563

Child Tax Credit

Expected value across all returns: $81.48
Number of qualifying children: 792,725

48. Mississippi – Total Expected Value: $916.53

Standard deduction

Expected value across all tax returns: $112.64
Percent standardizing: 93.46%
Savings per tax return using standard deduction: $120.52

SALT deduction

Expected value across all tax returns: $219.91
Percent itemizing: 6.54%
Savings per tax return using itemization: $3,365

Senior deduction

Expected value across all tax returns: $170.44
Population aged 65+: 17.57%
Median senior income: $41,712
Average savings per senior: $970.08

Estate and gift tax

Expected value across all tax returns: $237.90
Number of estate returns: 91
Tax savings per estate: $3,200,000

Auto loan interest

Expected value across all tax returns: $57.18
Average auto loan account balance: $25,845
Annual interest rate payments at 7.86%: $1,874.21
Annual tax savings per new auto: $210.21

Tips

Expected value across all returns: $7.81
Number of waiters/waitresses: 15,600
Median income for waiters/waitresses: $19,970
Annual tax savings per tipped worker: $875.00

Trump Account

Expected value across all tax returns: $22.89
Children born per 1,000 women age 20–34: 100
Estimated children born per year: 28,012

Child Tax Credit

Expected value across all returns: $87.77
Number of qualifying children: 537,144

49. Louisiana – Total Expected Value: $890.52

Standard deduction

Expected value across all tax returns: $112.08
Percent standardizing: 93.64%
Savings per tax return using standard deduction: $119.69

SALT deduction

Expected value across all tax returns: $214.44
Percent itemizing: 6.36%
Savings per tax return using itemization: $3,371

Senior deduction

Expected value across all tax returns: $169.11
Population aged 65+: 17.37%
Median senior income: $44,495
Average savings per senior: $973.44

Estate and gift tax

Expected value across all tax returns: $212.15
Number of estate returns: 149
Tax savings per estate: $2,758,839

Auto loan interest

Expected value across all tax returns: $64.63
Average auto loan account balance: $27,828
Annual interest rate payments at 7.86%: $2,018.01
Annual tax savings per new auto: $226.76

Tips

Expected value across all returns: $9.74
Number of waiters/waitresses: 31,300
Median income for waiters/waitresses: $16,630
Annual tax savings per tipped worker: $845.00

Trump Account

Expected value across all tax returns: $23.99
Children born per 1,000 women age 20–34: 103
Estimated children born per year: 46,476

Child Tax Credit

Expected value across all returns: $84.39
Number of qualifying children: 817,560

50. West Virginia – Total Expected Value: $774.95

Standard deduction

Expected value across all tax returns: $122.42
Percent standardizing: 96.54%
Savings per tax return using standard deduction: $126.80

SALT deduction

Expected value across all tax returns: $120.24
Percent itemizing: 3.46%
Savings per tax return using itemization: $3,475

Senior deduction

Expected value across all tax returns: $211.56
Population aged 65+: 21.48%
Median senior income: $44,465
Average savings per senior: $984.96

Estate and gift tax

Expected value across all tax returns: $123.30
Number of estate returns: 40
Tax savings per estate: $2,358,350

Auto loan interest

Expected value across all tax returns: $87.36
Average auto loan account balance: $26,128
Annual interest rate payments at 7.86%: $1,894.73
Annual tax savings per new auto: $219.50

Tips

Expected value across all returns: $17.20
Number of waiters/waitresses: 8,490
Median income for waiters/waitresses: $30,000
Annual tax savings per tipped worker: $2,103.00

Trump Account

Expected value across all tax returns: $20.02
Children born per 1,000 women age 20–34: 96
Estimated children born per year: 15,318

Child Tax Credit

Expected value across all returns: $72.85
Number of qualifying children: 278,697

Methodology

The expected value across eight provisions pertaining to individual income taxes in the One Big Beautiful Bill Act (July 4, 2025) was calculated for all 50 states. Projections of average savings per application of each provision were also calculated. Calculations are based on the most recent tax return, demographic and financial data. Unless otherwise noted, pre- and post-OBBBA deduction and credit amounts are based on the 2025 tax year.

1. Standard deductions.
The new standard deduction thresholds for single, married, and head of household filings is compared to the preexisting 2025 levels to estimate the average savings, based on the state’s median household income¹ and prorated by household type². Tax return data³ was used to determine the share of residents opting to use the standard deduction rather than itemize to determine the expected value of savings across all returns in the state.

2. SALT deduction.
Pre- and post-OBBBA state and local tax (SALT) deductions for single, married and heads of households are compared to the average amount itemized across all itemized returns³ to determine the expected savings for applicable households. The expected value across all tax returns in the state was then found by adjusting these figures by the percentage of tax returns opting for itemized deductions.

3. Senior deduction.
Statewide senior marriage and singlehood rates⁴ determine the proration of respective standard deduction thresholds in each state. After reducing the median household income for seniors by these pro-rated standard deduction thresholds, as well as the existing senior deductions from pre-OBBBA, the new senior deductions are applied. The marginal tax rate before the new senior deduction is used to calculate the tax savings before and after the new deduction. The expected value across all tax returns in the state is then determined by adjusting these figures for the percentage of the state population that is aged 65 and over¹.

4. Estate and gift tax exclusion.
Estate and gift tax exclusions are calculated at individual exclusion levels, using recent estate tax data as proxies. The average estate tax paid⁵ is used to derive the value of the estate, including the lifetime exclusion amount in the corresponding tax year ($12.06 million for single filers; 2022). The increased lifetime exclusion under OBBBA begins in the 2026 tax year, so the taxes paid with this new exclusion threshold is compared to taxes paid with an estimated $7.0 million reverted threshold⁶ which otherwise would have occurred when the relevant Tax Cuts and Jobs Act provision expires. The expected value across all tax returns in the state was then determined using the relative frequency of estate returns compared to all household returns.

5. Auto loan interest deduction.
The average auto loan balance⁷ in each state is used as a proxy for the average balance for new loans originated. Applying the latest aggregate interest rate data for the first half of 2025⁸, annual interest rate payments were summed and then deducted from median incomes, up to the $25,000 deduction threshold. The marginal tax rate pre-auto loan deduction – prorated by the frequency of single, married, or heads of household filers – is used to determine the additional tax savings from the deduction. The expected value across all tax returns is calculated by adjusting for the rate of households holding auto debt in that state⁹.

6. Tips deduction.
Median earnings for waiters and waitresses in accommodation and food services¹⁰ are assumed to be fully from tips. The median earnings for this profession in each state are reduced by the 2025 OBBBA standard deduction for single filers ($15,750), with income then further reduced by the deduction on tips for up to $25,000 in remaining income. The savings with and without the new tips deduction is calculated based on the marginal tax rate of the income after it is reduced by the standard deduction. The expected value across all tax returns in a state is calculated by adjusting these savings by the relative frequency of waiters and waitresses compared to the state’s population of people aged 18 to 65².

7. Trump Accounts.
The number of women aged 20 to 34² is compared to the statewide fertility rate in that age range¹¹ to estimate the number of babies born per year. Each of those babies would receive $1,000 in a tax-advantaged account (long-term growth on this investment is not accounted for). The expected value across all tax returns in a state is calculated by distributing the total payout to Trump accounts in-state over one year among tax returns for all households³.

8. Child Tax Credit.
The number of children qualifying for the Child Tax Credit is derived from the latest tax return data³. Households save $200 more annually per qualifying child. The expected value across all tax returns in a state is calculated by averaging the total additional dollars credited to taxpayers by the number of total tax returns.

Adding the expected value for each of the eight provisions together leads to the total expected value from OBBBA, which states are ultimately ranked on.

Citations

¹U.S. Census Bureau. S1903: Median Income in the Past 12 Months (in 2023 Inflation-Adjusted Dollars). data.census.gov. Web. https://data.census.gov/table?q=s1903

²U.S. Census Bureau. ACSDP1Y2023.DP05: ACS Demographic and Housing Estimates. data.census.gov, 2025. Web. https://data.census.gov/table/ACSDP1Y2023.DP05

³U.S. Internal Revenue Service. SOI Tax Stats – Historic Table 2: Individual Income and Tax Data, by State and Size of Adjusted Gross Income, Tax Year 2022. IRS, 16 Jan. 2025. Web. https://www.irs.gov/statistics/soi-tax-stats-historic-table-2

⁴U.S. Census Bureau. ACSST1Y2023.S0103: Population 65 Years and Over. data.census.gov. Web. https://data.census.gov/table/ACSST1Y2023.S0103?q=s0103

⁵U.S. Internal Revenue Service. SOI Tax Stats – State Data: FY 2024. Returns filed, taxes collected, and refunds by state. 30 May 2025. Web. https://www.irs.gov/statistics/soi-tax-stats-state-data-fy-2024

⁶Burner Prudenti Law, P.C. “Stay Ahead of Estate Tax Changes in 2026.” Burner Prudenti Law, P.C., 2 June 2025. Web. 10 Sept. 2025. https://burnerlaw.com/blog/stay-ahead-of-estate-tax-changes-in-2026/

⁷Experian. “Average Auto Loan Debt Grew 2.1% to $24,297 in 2024.” Experian Ask Experian Blog, 24 Apr. 2025. Web. 10 Sept. 2025. https://www.experian.com/blogs/ask-experian/research/auto-loan-debt-study/

⁸Board of Governors of the Federal Reserve System (US). Finance Rate on Consumer Installment Loans at Commercial Banks, New Autos 60-Month Loan [RIFLPBCIANM60NM]. FRED, Federal Reserve Bank of St. Louis, last updated 8 July 2025. Web. https://fred.stlouisfed.org/series/RIFLPBCIANM60NM

⁹U.S. Census Bureau. “Debt for Households, by Type of Debt and States: 2022.” State-Level Wealth, Asset Ownership, & Debt of Households Detailed Tables: 2022. U.S. Census Bureau, page last revised 12 Feb. 2025. Web. https://www.census.gov/data/tables/2022/demo/wealth/state-wealth-asset-ownership.html

¹⁰U.S. Bureau of Labor Statistics. “May 2024 OEWS Research Estimates by State and Industry.” Occupational Employment and Wage Statistics, U.S. Bureau of Labor Statistics, last modified 23 July 2025. Web. 10 Sept. 2025. https://www.bls.gov/oes/oes_research_2024.htm

¹¹U.S. Census Bureau. “DP02: Selected Social Characteristics in the United States.” ACS Data Profile (1-Year Estimates), U.S. Census Bureau, 2023. Web. 11 Sept. 2025. https://data.census.gov/table?q=dp02

Questions about this study? Contact us at press@smartasset.com

The analysis presented herein is a research study on the potential economic and financial impacts of the One Big Beautiful Bill Act (OBBBA). The results are based on a hypothetical model and the implementation of the OBBBA’s provisions. These assumptions may not materialize, and the actual outcomes could differ materially from those projected.

SmartAsset.com is not intended to provide legal advice, tax advice, accounting advice or financial advice (Other than referring users to third party advisers registered or chartered as fiduciaries (“Adviser(s)”) with a regulatory body in the United States). Articles, opinions, and tools are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you consult your accountant, tax, or legal advisor concerning your individual situation.

The above statistics have been obtained from sources we believe to be reliable, but we cannot guarantee their accuracy or completeness.