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Changes to the state and local tax (SALT) deduction and the looming TCJA expiration have brought this tax break into the spotlight.
The SALT Deduction: Three Things to Know for 2025
The SALT deduction has been part of the U.S. tax code for over a century. The tax break allows eligible taxpayers to reduce their federal tax liability by deducting certain state and local taxes. So, what’s with the SALT deduction? Here are three things you need to know now.
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How Are States Tackling the $10,000 SALT Deduction Limit? (CPA Practice Advisor) - Since the enactment of the $10,000 limit on the deduction of state and local taxes...states have been trying to find a way to help their residents get full benefit of the state and local taxes paid on the federal tax return.
