3 окт. 2023 г. · No. "SALT" stands for State And Local Tax. Mortgage interest is not a state or local tax. Both SALT and mortgage interest are itemized ...

5 окт. 2024 г. · A SALT deduction deducts their federal income by how much state/local taxes are. In theory, it's to stop double taxing. You already paid taxes ...

9 мая 2023 г. · You are capped at $10K on SALT but you're forgetting to include mortgage interest in your itemized deductions, which could put you over the top.

19 авг. 2024 г. · Would the expiration of the TCJA (and its SALT deduction limit) mean that high earners in high tax states would virtually always itemize?

8 февр. 2024 г. · One rationale for this proposal is to eliminate the SALT deduction cap's marriage penalty, as the cap is a fixed amount worth $10,000 for all ...

13 окт. 2023 г. · Get divorced and you each can itemize using $10K as the limit. That's about the best you can do. You can get divorced every December 28th and ...

18 сент. 2024 г. · The State and Local Tax (SALT) deduction is the ability to deduct local taxes from income before computing federal tax, avoiding so-called ...

3 нояб. 2024 г. · While I rent currently, it is tempting to buy now because home ownership becomes a bit more attractive once I am able to deduct mortgage ...

16 авг. 2024 г. · First they get it from behind with the SALT cap, then they get hit again with the mortgage interest deductions capped on properties under $1M.

3 мар. 2024 г. · If you own a pass-through entity, you can elect to have the company pay and deduct state tax on your behalf which bypasses the SALT cap. Upvote