Reuters: U.S.

Sunday, February 24, 2019

News Alert: Lower returns amplify calls to save key tax deduction

 
 
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Lower returns amplify calls to save key tax deduction
Complaints about lower refunds and higher taxes are amplifying calls from Northeast and West Coast leaders to do away with the GOP tax law’s limit on the deduction for state and local taxes.

The limit on the tax break known as SALT has been one of the most controversial provisions of the tax law, with lawmakers from both parties in high-tax states such as New York and New Jersey arguing that the deduction cap unfairly punishes their voters. 
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