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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 fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...
While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...
Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...
3don MSNOpinion
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...
As Congress deliberates these proposals, the potential impact on taxpayers, businesses, and the broader economy remains a ...
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