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Hrrmm, you must have read the bill 12 hours ago, before Susan Collins got her amendment added. The Senate tax bill will include my SALT amendment to allow taxp
by WillPostForFood 9y ago
Hrrmm, you must have read the bill 12 hours ago, before Susan Collins got her amendment added.
The Senate tax bill will include my SALT amendment to allow taxpayers to deduct up to $10,000 for state and local property taxes.
https://twitter.com/SenatorCollins/status/936647024417615872 https://twitter.com/SenatorCollins/status/936647024417615872
But as others have pointed out, this still can change as it goes to reconciliation.
- gergles 9y agoState and local property taxes, which I don't believe were ever in question. I'm fairly confident SALT, in this context, referred to the deductibility of state and local income taxes.
- WillPostForFood 9y agoYou are right that state income tax is no longer deductible. SALT in the Collins context was referring to just property tax.