New York judge dismisses suit over SALT tax deductions


 

Looks like some of the rich people in certain states are just going to have to deal with not being able to deduct high local taxes at the federal level.

(From CNBC)

In 2016, New Yorkers writing off state and local taxes took an average SALT deduction of $21,779, according to the Tax Policy Center.

Meanwhile, in New Jersey and Connecticut the average deductions were $18,092 and $19,563, respectively.


Reprinted from: https://www.ac2news.com/2019/10/new-york-judge-dismisses-suit-over-salt-tax-deductions/

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