Question: Describe the SALT Deduction and any limitations. How does this impact NJ taxpayers? Include a reference to the applicable IRC section. ALSO response on how

Describe the SALT Deduction and any limitations. How does this impact NJ taxpayers? Include a reference to the applicable IRC section.

ALSO response on how this impacts NJ taxpayers. Indicate whether you agree or disagree and why.

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The State and Local Tax SALT deduction is a provision in the US federal tax code that allows taxpayers to deduct certain state and local taxes on thei... View full answer

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