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SALT in the Wound: New Tax Law’s Limit on State Tax Deductions Exempts Some of the Very Wealthiest
https://itep.org/salt-wound-tax-laws-limit-deductions-exempts-wealthiest/
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federal policy
state policy
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2025 tax debate
The new tax law enacted last month found a temporary compromise on the level of the cap, boosting it to $40,000 through 2029, but failed to fix a loophole that allows some rich taxpayers with good accountants to completely avoid the cap
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