The SALT deduction under the OBBBA phases out for taxpayers with income above $500,000 ($250,500 if married filing separately) and cannot fall below $10,000.
reported by one outlet so far · Reported fact · first recorded Jul 8, 4:30 AM
How each outlet reported it
finance.yahoo.comUnrated · Jul 8, 12:45 AM
The SALT deduction phases out for taxpayers with income above $500,000 ($250,500 if married filing separately) and cannot fall below $10,000
Details: $500,000; $250,500 for married filing separately; minimum $10,000