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Reply to "Trump flip flops on SALT Tax Deduction"
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[quote=Anonymous]Just reached agreement on $40,000 SALT Max. That is perfect. Does not really help the really rich. But really helps the people like me. One income, kids in college. But I live in Montgomery County with property taxes of soon to be $18,000 a year and my MoCo income tax is like $12,000 a year My property taxes keep going up but the 10K limit stayed the same. People in particular older people with high property taxes and no mortgage got slammed. My 80 year old Aunt has a house on Long Island and a condo in Florida she bought years ago and her SS and RMDs are taxed at state level. This is a god send. She is a widow and only got standard deduction $14,600. Now she can write off a ton more. [/quote]
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