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2. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   The Tax Cuts and Jobs Act of 2017, signed into law by President Donald Trump, capped the total SALT deduction at $10,000 for the tax years 2018 through 2025. [24] The bill also increased the standard deduction, which significantly reduced the number of taxpayers who claim the SALT deduction. [25]

3. Trump, who signed bill to cap SALT tax deduction, now ... - AOL

   www.aol.com/trump-signed-bill-cap-salt-153656953...

   Trump as president signed a bill that caps the federal income tax deduction for state and local property taxes at $10,000. ... Donald Trump has pledged to lift the controversial $10,000 cap on ...

4. Raising the SALT Cap Is a Gift to High-Tax States - AOL

   www.aol.com/news/raising-salt-cap-gift-high...

   While it did lower marginal income tax rates across the board, reducing the top rate from 39.6 percent to 37 percent, it also capped the deduction for state and local taxes (SALT) at $10,000 annually.

5. Are Property Taxes Deductible? - AOL

   www.aol.com/property-taxes-deductible-224345757.html

   If you owe $8,000 in state taxes and you have property taxes of $6,000, then the SALT cap will limit your deduction to $10,000 not $14,000. Property tax deductions on rental properties do not fall ...

6. Trump pledges to restore SALT deduction ahead of rally in tax ...

   www.aol.com/news/trump-pledges-restore-salt...

   For an individual making $100,000 in 2023 who paid $20,500 in state, local, property and other eligible taxes, eliminating the SALT cap could save them roughly $2,300 on their federal tax bill ...

7. Trump Vows To Restore SALT Deduction, Promising Relief For ...

   www.aol.com/trump-vows-restore-salt-deduction...

   The State and Local Tax (SALT) deduction, a long-standing feature of the U.S. tax code, was capped at $10,000 as part of the 2017 Tax Cuts and Jobs Act – a signature piece of legislation during ...

8. SALT: Here's how lawmakers could alter key contentious tax ...

   www.aol.com/news/salt-heres-how-lawmakers-could...

   Democrats and Republicans have dug in when it comes to the state and local tax (SALT) deduction and the upcoming budget reconciliation package. SALT: Here's how lawmakers could alter key ...

9. Why SALT deduction is 'one of the most difficult issues ... - AOL

   www.aol.com/news/why-salt-deduction-one-most...

   Sen. Bernie Sanders has signaled his willingness to adjust the SALT deduction cap. The National Taxpayers Union Executive Vice President Brandon Arnold joins Yahoo Finance Live to discuss.