News
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.
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.
Money Talks News on MSN1d
Higher SALT Deduction Cap Could Mean Major Tax Savings for Some AmericansWhen you buy something by clicking links within this article, we may earn a small commission, but it never affects the ...
6don MSN
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.
Rep. Mike Lawler said the lower cap on the federal deduction for state and local tax payments, also known as SALT, has had a “negative impact” on New York. “There were key provisions that ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback