Salt Tax Cap News 2025 News

Salt Tax Cap News 2025 News. House republicans from new york, california and new jersey unhappy with a cap on state and local tax deductions cast talks on the issue with donald trump as “positive” but. In 2017, the tax cuts and jobs act overhauled federal tax code, capping the salt deduction at $10,000 per year for property taxes plus state income or sales taxes..


Salt Tax Cap News 2025 News

The salt cap deduction allows taxpayers who itemize when filing federal taxes to deduct certain taxes paid to state and local governments, which the 2018 tax cuts and jobs. States may need to rethink their state and local tax deduction workarounds now that donald trump’s return to the white house and republican control of the senate is.

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