Eliminate the ‘SALT’ Deduction Cap?
LSLCPAs
OCTOBER 2, 2021
What does SALT stand for, and what are the Pros and Cons? SALT is an acronym for State and Local Taxes. The current cap on deductions for state and local taxes is $10,000 as enacted in the 2017 Tax Cuts and Jobs Act (TCJA). Since 2017 (and through 2025), as the current law exists, only. The post Eliminate the ‘SALT’ Deduction Cap? appeared first on LSL CPAs.
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