Flip Flop On SALT Deduction
Amid all of the rapid-fire tax proposals during election season, I missed one that would affect us: Trump flip flopping on his own SALT (State & Local Tax) deduction cap. When they put together the Tax Cut & Jobs Act (Trump Tax Cut), during his first term, Trump supported capping the deductibility of SALT at $10,000 annually. At the time, it was viewed as a … Continue reading Flip Flop On SALT Deduction