Tag: Effect
Impact of Greater SALT Cap in 2025 Trump Tax Legislation
SALT stands for State And Native Taxes. It’s principally state and native earnings taxes and property tax. The 2017 Trump tax regulation capped the tax deduction for SALT at $10,000. In the event you paid greater than $10,000 in state and native taxes, the quantity above the $10,000 cap wasn’t deductible. The SALT cap primarily