SALT Deduction

A Look Back: The SALT Deduction Before Twenty Eighteen The United States tax code is a complex web of rules, deductions, and credits designed to shape economic behavior and fund government services. Among the more intricate elements is the State and Local Tax (SALT) deduction, a provision that has undergone significant changes in recent years. … Read more

The SALT Deduction Before the Changes The weight of state and local taxes is a significant factor for many Americans when considering their financial well-being. For decades, the State and Local Tax, often abbreviated as SALT, deduction provided a vital means to mitigate this burden. Millions of taxpayers were able to deduct these payments from … Read more