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SALT deduction, state and local tax

The Hill on MSN · 2d

The SALT cap isn’t the problem — high-tax states are

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own tax-and-spend habits.

These High Tax States Could Benefit the Most From Higher SALT Deduction

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York residents are disproportionately affected by the current $10,000 cap on state and local tax deductions.

The Washington Post on MSN · 1d

What Republicans’ new tax bill would mean for state and local tax deductions

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

Institute on Taxation and Economic Policy3dOpinion

States Should Chart Their Own Course on SALT Deductions

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

Florida Realtors3d

House Passes Tax Reform Package, Key Wins for RE

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...

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