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Proposed changes to the SALT deduction cap could deliver significant tax relief to many Americans, especially higher earners in high-tax states.
The tax landscape for millions of Americans is about to undergo a significant shift with proposed changes to the State and Local Tax (SALT) deduction cap. These modifications could deliver substantial tax relief to certain taxpayers, particularly those in high-tax states who have felt the pinch since the 2017 Tax Cuts and Jobs Act (TCJA) limited these deductions.
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