9 min
State of SALT Workarounds Checkpoint Presents: State of SALT (SoS)
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- News
Where do states stand on what’s become known as the SALT Workaround? Join us for a discussion of the state response to one of the more controversial changes enacted by the federal Tax Cuts and Jobs Act in December 2017 affecting individuals, the amendment to section 164(b)(6) of the Internal Revenue Code, which enacted the $10,000 cap ($5,000 if married filing separately) on an individual’s itemized deduction for state and local taxes.
Where do states stand on what’s become known as the SALT Workaround? Join us for a discussion of the state response to one of the more controversial changes enacted by the federal Tax Cuts and Jobs Act in December 2017 affecting individuals, the amendment to section 164(b)(6) of the Internal Revenue Code, which enacted the $10,000 cap ($5,000 if married filing separately) on an individual’s itemized deduction for state and local taxes.
9 min