The SALT Deduction May Be Coming Back—What High-Income Families in NY, NJ, and PA Should Know
When the $10,000 cap on the State and Local Tax (SALT) deduction took effect in 2018, the impact in states like New York, New Jersey, and Pennsylvania was immediate and personal. Clients would show me their tax returns and ask, “How am I paying more in taxes after paying so much already?” They weren’t looking […]