Bloomberg Tax
June 12, 2019, 4:16 PM

It May Be Over for States in Fight Against SALT Deduction Limit

Kelly Zegers

New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax overhaul.

They are losing.

The tax law capped the federal deduction for state and local taxes, or SALT, at $10,000. That set off campaigns to eliminate the provision by politicians in states with high income taxes and high property taxes, which tend to be Democratic states. It also set off an effort to find legal workarounds that would ease the sting of the SALT cap out of fear that high-earning residents would ...

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