SALT Workarounds Off to Slow Start Despite State Eagerness (1)

More than 20 states have passed workarounds to the federal cap on state and local income tax deductions, but early feedback shows most eligible taxpayers aren’t jumping on the opportunity.

Bloomberg Tax submitted inquiries to the 20 states with optional pass-through entity taxes. Out of the four that responded with data—New York, Maryland, Wisconsin, and Louisiana—about 8% of eligible businesses have opted in so far.

High-tax states have sought a workaround the past four years, and many of their federal representatives are ...