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Future of the SALT Limitation in Limbo
The state and local tax (SALT) deduction has been a significant aspect of the U.S. tax code, allowing taxpayers to deduct certain taxes paid to state and local governments from their federal taxable income. However, the Tax Cuts and Jobs Act of 2017 (TCJA) introduced a limitation on this deduction, which has been a topic of considerable debate and discussion.
https://mcaccountingandtaxservices.com/blog/future-of-the-salt-limitation-in-limbo
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