Congress and the SALT Deduction

The Tax Cuts and Jobs Act (P.L. 115-97) (TCJA) represents the most significant overhaul of the tax system in decades. One of the most contested provisions during the bill’s drafting was the proposed repeal of the itemized deduction for state and local income, sales, and property taxes (SALT deduction). The authors report the latest status … Continue reading Congress and the SALT Deduction