Tags: Trump Administration | salt deduction | taxes | democrats

The State, Local Deduction Is Coming Back, Top Democrats Say

Rep. Josh Gottheimer (D-N.J.), co-chair of the bipartisan Problem Solvers Caucus, hold a news conference outside the U.S. Capitol on December 03, 2020 in Washington, DC. (Chip Somodevilla/Getty Images)

By    |   Tuesday, 30 March 2021 12:39 PM

Top Democrats say the SALT deduction cap will soon be history, providing some measure of relief to many blue state taxpayers.

Sources tell Newsmax that a return to the original form of the SALT deduction, which allows taxpayers to deduct local tax payments on federal returns, is all but certain – and perhaps the single biggest priority for blue state Democrats in Congress.

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Top Democrats say the SALT deduction cap will soon be history, providing some measure of relief to many blue state taxpayers. Sources tell Newsmax that a return to the original form of the SALT deduction, which allows taxpayers to deduct local tax...
salt deduction, taxes, democrats
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2021-39-30
Tuesday, 30 March 2021 12:39 PM
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