As tax time rapidly approaches, taxpayers in states with high state and local income taxes (such as New York) are about to learn, up close and personal, just how much the loss of the deduction for state and local taxes (SALT) will affect their personal tax liability. A little-publicized provision of the New York Tax Law, however, may take away some of the sting of losing the SALT deduction.
Home > Federal Law Articles > Employee Benefits > General (Benefits) > Making the Loss of the SALT Deduction Sting a Little Less