The Tax Cuts and Jobs Act (TCJA) instituted an annual cap on state and local tax (SALT) deductions, limiting them to $10,000 beginning in 2018 through 2025.
reported by 2 outlets · Reported fact · first recorded Jul 8, 3:30 AM
How each outlet reported it
nbcnews.comUnrated · Jul 8, 12:45 AM
Trump's 2017 Tax Cuts and Jobs Act capped the SALT deduction at $10,000
Details: 2017; Tax Cuts and Jobs Act; $10,000
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
The SALT cap was $10,000 annually for 2018 through 2025.
Details: $10,000 cap; 2018-2025
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
The Tax Cuts and Jobs Act (TCJA) instituted an annual limit on SALT deductions.
Details: Tax Cuts and Jobs Act (TCJA)
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
Beginning in 2018 and lasting through 2025, the TCJA capped the SALT deduction at $10,000.
Details: 2018; 2025; $10,000 cap