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Explícame on MSNWho really benefits from the $40,000 SALT cap? A look at income distributionRaising the SALT cap to $40,000 would mostly help high earners, fueling debates over tax fairness and state-federal revenue ...
6don MSN
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...
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 ...
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