A I R S h a r e

A Workforce Globalization Blog

Federal Judge Rules SALT Cap Is Not Unconstitutionally Coercive

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

0 Comments

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.

Read More