Reply to What are SALT taxes besides property taxes and state income taxes?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My state income tax is about 9k, 8k in property taxes, and 1 k in personal property taxes.  18K.  8k deduction lost.  [/quote]

Meh. you get the 24K standard deduction. Cry me a river.[/quote]
We all lost the personal exemption, which for a family of four = $16500 or there abouts.

16K + 18 k = 34K

^PP lost 10K in deductions/exemptions.[/quote]

Lots of things are set to expire. Maybe the PP will cry him or herself a river come 2025:

https://taxfoundation.org/look-ahead-expiring-tax-provisions/

"...December 31st, 2025, will be a significant day for most taxpayers. Twenty-three provisions from the Tax Cuts and Jobs Act directly relating to individual income taxes will expire, meaning most taxpayers will see a tax hike unless some or all provisions are extended. Some of the most impactful provisions scheduled to expire include the TCJA’s reduction of individual income rates, increased child tax credit, the increased AMT exemption and phaseout threshold, and the increased standard deduction. The individual income tax code is effectively scheduled to return to what it was before the TCJA, meaning personal exemptions, the overall limitation on itemized deductions, uncapped state and local tax deductions, and many other miscellaneous itemized deductions will return. Despite most of the individual income tax code returning to its pre-TCJA structure, inflation adjustments will continue to be determined by the Chained Consumer Price Index (C-CPI), as set by TCJA, which will result in most taxes increasing when compared to their pre-TCJA levels. Additionally, the qualified business income deduction, which allows pass-through businesses to deduct up to 20 percent of their income, will also expire. For a full list of the twenty-three expiring provisions, consult this JCT publication."
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