Sens. Schumer, Gillibrand Launch New Push to Permanently Restore New York State's Full Salt Deduction
January 30, 2021
January 30, 2021
WASHINGTON, Jan. 30 -- Sen. Charles E. Schumer, D-New York, issued the following news release on Jan. 29, 2021:
U.S Senate Majority Leader Charles Schumer and U.S. Senator Kirsten Gillibrand introduced legislation in the new Congress to eliminate the $10,000 cap on the State and Local Tax (SALT) deduction starting in 2021. The proposal would allow taxpayers to fully deduct their state and local taxes on their federal income returns. In 2017, the deduction was capped at $10,000 and r . . .
U.S Senate Majority Leader Charles Schumer and U.S. Senator Kirsten Gillibrand introduced legislation in the new Congress to eliminate the $10,000 cap on the State and Local Tax (SALT) deduction starting in 2021. The proposal would allow taxpayers to fully deduct their state and local taxes on their federal income returns. In 2017, the deduction was capped at $10,000 and r . . .