“I will turn it around, get SALT back, lower your Taxes, and so much more!” Republican nominee Donald Trump declared on Truth Social Tuesday. He’s probably really irked at the guy who signed the $10,000 limit on state and local tax deductions into law, which was… er, Donald Trump, back in 2017.
Under current law, an “individual’s deduction of state and local income, general sales, and property taxes is limited to a combined total deduction of $10,000, $5,000 if married filing separately.” Plenty of taxpayers in blue states pay considerably more than $10,000 in state and local taxes combined. It’s a high priority for Republican House members in blue states; most Republicans in red states see no point in efforts to change the limit on the SALT deduction.
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