Main Street in Downtown Tarrytown in Westchester County, NY. Current $10,000 tax deduction cap is well below what residents in areas like Westchester and Long Island have to pay. (Photo: Guiggyt4 via Shutterstock)
A lawsuit brought against the federal government last year over the SALT cap by New York and a coalition of other states will come to a head as each side presents their arguments for and against the law.
May 06, 2019 at 03:41 PM
1 minute read
Attorneys for New York state and the Trump administration are set to square off in Manhattan next month over a provision of the 2017 federal tax law that capped the amount individuals can deduct from their state and local taxes, or SALT.
A lawsuit brought against the federal government last year over the SALT cap by New York and a coalition of other states will come to a head as each side presents their arguments for and against the law.
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