Understanding the SALT Deduction: What It Is, How It Works, and Its Impact
What Exactly Is The SALT Deduction? Tax deductions are a cornerstone of the tax system, allowing individuals and businesses to reduce their taxable income and, consequently, the amount of taxes they owe. Among these deductions, the State and Local Tax, or SALT, deduction has been a subject of considerable debate and has undergone significant changes … Read more
