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Reply to "MD Taxes and SALT"
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[quote=Anonymous]So we are among the many hit by the $10,000 SALT deduction cap in MoCo. Our combined state, local, and property taxes were around $20,000. Does MD have any workarounds that might balance out the hit we will take on our federal taxes? I suspect we are just screwed, but want to make sure I haven't missed anything. We plan to itemize both our federal and state taxes (total deductions are around $28,000). Thanks.[/quote]
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