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Money and Finances
Reply to "Trump flip flops on SALT Tax Deduction"
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[quote=Anonymous][quote=Anonymous]I can understand the case for capping SALT.[b] But when you are paying a DC area mortgage as well as DC area childcare, it’s a significant percent of your income and there is not much relief in your taxes to show for it.[/b] I paid over 40K in childcare and got something like $400 back from the tax credit, So, objectively it just seems a little out of wack when I look at my tax bill. Slightly off topic but that’s why I always find myself wishing I could claim more under SALT[/quote] What makes you think there should be “relief in your taxes”? [/quote]
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