Institute on Taxation and Economic Policy

July 9, 2025

Washington Post: Trump’s Tax Law Includes a $40,000 SALT Cap. Here’s Who Qualifies.

Media Mention

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The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially undoing a big change in President Donald Trump’s 2017 law.

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