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SALT Deduction

Congressman Mike Garcia Introduces Bill To Repeal State, Local Tax Deduction Cap

Congressman Mike Garcia

Congressman Mike Garcia, R-Santa Clarita, introduced his first piece of legislation to the House of Representatives, the State and Local Tax (SALT) Fairness Act, which would remove the State and Local Tax deduction cap created in the Tax Cuts and Jobs Act of 2017. Taxpayers who itemize deductions on their federal income tax returns are allowed to deduct state and ...

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