July 28, 2025

Video: SALT Deduction Increase Explained

Video: SALT Deduction Increase Explained

The State and Local Tax (SALT) deduction allows taxpayers to deduct either their state and local income taxes or their state and local sales taxes, in addition to property taxes, on their federal income tax returns when they itemize deductions. This deduction has long been a staple in the tax code, designed primarily to mitigate double taxation of income by the federal and state governments.

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