close

SALT Cap

The Salt Cap: Understanding the Impact on Taxpayers

by

For homeowners stretching from the bustling streets of New York City to the sun-drenched suburbs of California, the phrase ‘tax reform’ often conjures up a single, controversial term: the Salt Cap. This seemingly innocuous term represents a significant shift in the landscape of federal taxation, especially for those residing in states with higher state and … Read more

What is the SALT Cap? Understanding Its Impact on Taxes and State Budgets

by

Introduction Imagine receiving a tax bill unexpectedly higher than anticipated, perhaps because you diligently itemized your deductions, only to find some of those deductions were not fully recognized. This is a situation some taxpayers have encountered since the introduction of the State and Local Tax (SALT) cap, a provision that has significantly reshaped the landscape … Read more

close