Letter S
tax
SALT Cap
The $10,000 ($5,000 MFS) limit on the itemized deduction for state and local taxes (income, sales, and property combined) imposed by the Tax Cuts and Jobs Act through 2025.
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.