Federal Judge Rules SALT Cap Is Not Unconstitutionally Coercive

    Oct 11, 2019 @ 02:00 AM / by Jeremy Piccoli


    The Tax Cuts and Jobs Act (TCJA) that went into effect January 1, 2018 included a provision that limited the amount of state and local taxes (SALT) that are deductible for Federal tax purposes to $10,000 per year (previously uncapped). The SALT limit disproportionately impacted middle-to-high income residents of high-tax states that pay more than the new $10,000 limit.

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