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1. en.wikipedia.org › wiki › State_and_local_tax_deductionState and local tax deduction - Wikipedia

   en.wikipedia.org › wiki › State_and_local_tax_deduction

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   The state and local tax deduction (SALT deduction) is a United States federal itemized deduction that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income.

2. www.investopedia.com › salt-5180146State and Local Tax (SALT): Definition and How It's Deducted -...

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   18 wrz 2024 · What Is the State and Local Taxes (SALT) Deduction? The acronym SALT refers to the state and local taxes deduction that taxpayers who itemize their federal tax returns are allowed to...

3. www.kiplinger.com › taxes › salt-deduction-things-to-knowSALT Deduction: Three Things to Know Now Given the Election -...

   www.kiplinger.com › taxes › salt-deduction-things-to-know

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   18 wrz 2024 · 1. What is the SALT deduction? The SALT deduction allows taxpayers who itemize to subtract certain state and local taxes from their federal taxable income. These taxes...

4. tax.thomsonreuters.com › en › glossaryState and local tax (SALT) deduction: Overview & FAQs

   tax.thomsonreuters.com › en › glossary

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   22 mar 2024 · The state and local tax (SALT) deduction is for taxpayers who itemize their deductions to reduce their federally taxable income. Those taxpayers can deduct up to $10,000 of property, sales, or income taxes they have already paid to state and local governments when electing the SALT deduction.

5. www.bankrate.com › taxes › salt-tax-deductionState and local tax (SALT) deduction: What it is and how it works

   www.bankrate.com › taxes › salt-tax-deduction

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   8 lis 2021 · The SALT deduction is a federal tax deduction that allows some taxpayers to deduct the money they spend on state and local taxes.

6. www.factcheck.org › 2017 › 11The Facts on the SALT Deduction - FactCheck.org

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   9 lis 2017 · The Tax Policy Center says that the SALT deduction “provides an indirect federal subsidy to state and local governments by decreasing the net cost of nonfederal taxes to those who pay them.”

7. www.forbes.com › advisor › taxesWhat Do They Mean By The SALT Tax Deduction? - Forbes

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   29 sie 2022 · Let’s take a closer look at the SALT deduction, how it impacts your federal income taxes and whether things might change in the near future.