The U.S. Supreme Court has rejected a challenge to overturn the $10,000 limit on the federal deduction for state and local taxes, which is known as SALT. Without an extension from Congress, the $10,000 SALT cap will automatically sunset in 2026, restoring the full tax break.
The U.S. Supreme Court has rejected a challenge from New York and three other states to overturn the $10,000 limit on the federal deduction for state and local taxes, which is known as SALT, enacted through the Republican’s 2017 tax overhaul.
The order denied a request from New York, Connecticut, Maryland and New Jersey to review an October ruling from the U.S. Court
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