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New York Lawmaker Proposes SALT Deduction Expansion

Primul articol: 8 apr. 2026, 16:50 | Ultima actualizare: 8 apr. 2026, 16:50 | 1 sursa | 1 articol
#salt#tax#newyork#politics

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A New York legislator is advocating for an expansion of the SALT deduction in the event that the House of Representatives moves forward with a new tax bill. The current SALT deduction limits have been a point of contention for high-tax states like New York. This proposal seeks to provide tax relief to New Yorkers and potentially influence the broader debate on federal tax policy.

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New York Lawmaker Seeks SALT Expansion If House Pursues Tax Bill Foto: Bloomberg
Bloomberg English Nacha Cattan, Erik Wasson 8 apr. 2026, 16:50 (acum 5 ore)

New York Lawmaker Seeks SALT Expansion If House Pursues Tax Bill

A New York lawmaker aims to reopen negotiations to expand the state and local tax deduction after US lawmakers raised the cap on the break to $40,000 last year if Congress attempts to pass a second tax bill before the midterm elections.

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