- The tax plan from President Trump and congressional Republican leaders would end the federal deduction for state and local taxes (SALT) — which allows taxpayers who itemize deductions on their federal income taxes to deduct state and local property taxes and either state and local income taxes or general sales taxes.www.cbpp.org/research/state-budget-and-tax/eliminating-state-and-local-tax-de…
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Explaining Changes to the State and Local Tax …
WebUpdated on December 15, 2023. Written by Amelia Josephson. The state and local tax (SALT) deduction allows taxpayers of high-tax states to deduct local tax payments on their federal tax returns. The tax plan …
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Repeal of the State and Local Tax Deduction
SALT Cap Repeal: SALT Deduction and Who Benefits From It - Tax …
SALT Deduction 2023: How to Write Off State and Local Tax
How did the TCJA change the standard deduction and …
WebA. The Tax Cuts and Jobs Act nearly doubled the standard deduction and eliminated or restricted many itemized deductions in 2018 through 2025. It also eliminated the “Pease” limitation on itemized deductions for those …
SALT tax repeal: Democrats weigh restoring the state …
WebApr 14, 2021 · People can still deduct state and local taxes from their federal tax bill, but only up to that point. Many Democrats — namely, those from states such as New York, New Jersey, and California...
The State and Local Tax Deduction: A Primer - Tax Foundation
Revisiting the State and Local Tax Deduction | Tax Policy Center
Ending the state and local taxes (SALT) deduction
WebOct 22, 2021 · Richard Reeves explains why the deduction for state and local taxes--the SALT deduction--is regressive, benefits the wealthiest taxpayers, and should be eliminated. David Wessel looks at...
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