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What kinds of limitations or exceptions exist for SALT deductions?
If I were a single filer who earned ~$175,000 in Year X and paid ~$15,000 in state and local income taxes (think NYC), can I deduct all of that on my federal return? I apologize if this is a very basic question, I don't have the tightest grasp on the tax code.
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‎June 4, 2019
4:38 PM