SALT

Status of $10,000 State and Local Tax Deduction (SALT) cap

On Sept. 30, a federal district court dismissed a challenge by four states (New York, Connecticut, Maryland and Jersey) to the $10,000 cap on the federal state and local tax (SALT) deduction that was created by the Tax Cuts and Jobs Act. ( New York et. al. v. Mnuchin , No. 18-CV-

October 4, 2019 · 1 min read