Patreon: https://www.patreon.com/thatsall The SALT Deduction, or State and Local Tax Deduction, allows people to write off their local taxes from their income in federal taxes. The SALT Deduction is currently capped at $10,000, so if you’re paying more than that in local taxes, you won’t be able to remove that from your reported income. More … Continue reading The SALT Cap Deduction Repeal, Explained →