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What's Going On With the SALT Deduction?


🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
There is currently a $10,000 cap on SALT deductions. Filers can deduct on Schedule A any combination of state and local property taxes, and income or sales taxes, up to a $10,000 limit. Married couples who file separate returns can each deduct up to $5,

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/taxes/what-s-going-on-with-the-salt-deduction/ar-AA1z9xJF ]
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