New York's Challenge to the SALT Cap has Been Rejected for Good
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This Monday, the Supreme Court rubbed SALT into the wound that is the annual tax return of every New York/New Jersey resident who makes a decent income.
The highest court in the land rejected an appeal by four states to overturn a cap on state and local tax deductions (SALT), passed in 2017. Critics say the rule makes life for some blue-state residents more expensive than a ticket to an exclusive Democratic Party fundraiser.
Source Fool.com
