Learning Center

We keep you up to date on the latest tax changes and news in the industry.

Video Tips: SALT Deduction Increase

3D map of the United States

The State and Local Tax (SALT) deduction allows taxpayers to deduct either their state and local income taxes or their state and local sales taxes, in addition to property taxes, on their federal income tax returns when they itemize deductions. This deduction has long been a staple in the tax code, designed primarily to mitigate double taxation of income by the federal and state governments.

Want tax & accounting tips and insights?

Sign up for our newsletter.

Please enter a valid email address.
Please check the required field.
Something went wrong. Please check your entries and try again.