The TCJA's SALT cap and related changes caused many taxpayers to switch from itemizing deductions to taking the standard deduction.
reported by one outlet so far · Asserted cause · first recorded Jul 8, 3:30 AM
How each outlet reported it
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
The SALT cap increase from $10,000 to $40,000 may shift the itemize-versus-standard-deduction calculation for thousands of taxpayers
Details: $10,000 to $40,000; thousands of taxpayers
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
Due to the TCJA SALT cap and other related TCJA changes, many taxpayers switched from itemizing to the standard deduction.
Details: SALT cap provision; other related TCJA changes