salt tax

: TaxVox

How New York State Responded to The SALT Deduction Limit

While other states are considering workarounds to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on the federal deduction for state and local...

May 14, 2018Frank Sammartino

: TaxVox

The Price We Pay for Capping the SALT Deduction

The Tax Cuts and Jobs Act (TCJA) limited the ability of taxpayers to deduct state and local taxes (SALT) from their federal taxable income. New...

February 15, 2018Tracy Gordon

State and Local Issues: TaxVox

State Responses to the TCJA’s SALT Deduction Limit May Be Costly and Favor High-Income Residents

The Tax Cuts and Jobs Act (TCJA) limits the itemized deduction for state and local taxes (SALT) on federal individual income tax returns to $10,000...

January 30, 2018Leonard E. Burman Frank Sammartino

State and Local Issues: TaxVox

The Complex Relationship Between The State And Local Tax Deduction And The Alternative Minimum Tax

The House Republican leadership and the Trump Administration want to repeal the state and local tax (SALT) deduction and the individual Alternative Minimum Tax (AMT)...

June 19, 2017Frank Sammartino

Individual Taxes: TaxVox

Is a Salt Tax in Our Future?

This week, the Food and Drug Administration proposed voluntary targets for reducing sodium in American diets. Can a salt tax be far behind? The FDA’s proposal comes as a number of jurisdictions in the US and around the world mull various forms of sugar taxes, aimed at both reducing consumption of

June 2, 2016Howard Gleckman