9 авг. 2024 г. · The state and local tax (SALT) deduction available to federal taxpayers has inspired some of the most contentious tax policy debates in ...

7 окт. 2024 г. · And second, it was a revenue raiser. Now, the SALT deduction has been around a lot longer than you may think. The first federal income tax, way ...

28 авг. 2024 г. · This would largely or more than fully offset any revenue gains from allowing the TCJA tax cuts to expire for those making above $400,000 per ...

The SALT deduction permits taxpayers who itemize when filing federal taxes to deduct certain taxes paid to state and local governments.

22 мар. 2024 г. · The SALT deduction is for taxpayers who itemize their deductions to reduce their federally taxable income - up to $10000 for each filer.

18 сент. 2024 г. · Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.

15 окт. 2024 г. · The Tax Cuts and Jobs Act of 2017 (TCJA) limited the itemized deduction for state and local taxes to $10,000. Before that, there was no ...

28 окт. 2024 г. · The SALT tax deduction allows taxpayers to reduce their federally taxable income by as much as $10000 or $5000 if married filing separately.

8 февр. 2024 г. · The House of Representative is considering legislation that would retroactively double the cap on deductions for state and local taxes ...

24 сент. 2024 г. · Among all households in that income group, their average 2025 tax cut would be $30. Distributional analysis of repealing the SALT deduction cap.