Senate Calls For Revamped SALT Tax Break; Skip September State Estimated Tax Payment To Save Big

Senate Calls For Revamped SALT Tax Break; Skip September State Estimated Tax Payment To Save Big

More folks would be able to deduct state and local taxes if the Senate budget blueprint SALT relief … [+] instruction goes through.

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The $3.5 trillion Senate budget framework approved today calls for higher taxes for high-income folks, but it also calls for what could be a big tax break for the same group: “SALT cap relief” or relief from the current $10,000 cap on the state and local tax…

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