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Trump Pledges to Restore SALT Write-Off, Tax Break He Curbed
News September 17, 2024 at 04:57 PM
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What You Need To Know
- Trump's 2017 tax overhaul capped the state and local tax deduction at $10,000, hitting many households in high-tax, Democratic-leaning areas.
- Trump posted that he would get SALT back, without providing details, ahead of a campaign stop on Long Island.
- Repealing the SALT cap would add $1.2 trillion to the cost of extending the tax law when it expires.
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