Trump Tax Update: SALT Deduction Limit Now $40,000 – Find Out Who Gains
Under the Trump administration’s tax reforms in the United States, the SALT (State and Local Tax) deduction limit has been increased to $40,000. This change is particularly beneficial for high-income taxpayers and families who pay a significant amount in state and local taxes. The SALT deduction allows you to deduct your state and local taxes … Read more