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What the increased SALT deduction cap means for your wallet in high-tax states like New York
The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT stands for state and local tax, according to George Conboy, Chairman of Brighton Securities.
New York is expanding its child tax credit. The state passed the expansion as part of the budget process, which just wrapped ...
4don MSN
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...
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