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What is the SALT cap, and how does it impact California taxpayers?
Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern Orange County and parts of Riverside and San Bernardino counties — claimed SALT deductions in 2017; only 7.5% did in 2022, according to data from the National Association of Realtors.
MiBolsilloColombia on MSN3h
SALT Deduction: What it was like before 2017 and now with Trump's proposalThe State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...
KWQC on MSN1d
How change in tax deductions could impact IllinoisThe version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...
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