💨 Abstract

The article discusses the potential changes to the $10,000 limit on the federal deduction for state and local taxes (SALT), a provision from the 2017 Tax Cuts and Jobs Act. This limit is set to expire after 2025 unless Congress acts. Some legislators, particularly from high-tax states like California, New Jersey, and New York, have made raising the SALT limit a priority.

Courtesy: www.telemundowashingtondc.com

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