Taxes

Introduction Imagine receiving your tax bill only to discover that a significant portion of your state and local taxes are no longer deductible. This is the reality for many Americans following the implementation of the State and Local Tax, more commonly known as SALT, deduction cap. Prior to recent tax law changes, taxpayers could deduct … Read more

Understanding the Basics of State and Local Tax Deduction The burden of state and local taxes weighs heavily on countless American households, especially those residing in states with high property values and income taxes. For years, the State and Local Tax (SALT) deduction offered a degree of relief, allowing taxpayers to reduce their federal tax … Read more