Trump Advisers Consider Raising SALT Write-Off Limit to $20,000
- Trump vowed on the campaign trail to restore the tax break
- He limited the state and local tax deduction in his first term
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Trump’s economic advisers are considering doubling the state and local tax deduction, a popular — but expensive — tax break that could deliver big savings to many residents of New York, New Jersey, and California.
Economist Stephen Moore, a member of President-elect Donald Trump’s economic advisory transition team, told Bloomberg Thursday that the group has discussed expanding the tax write-off limit from $10,000 to $20,000.