SALT Deductions: Property and Income and Sales Tax, Oh My!
SALT deductions. Sounds like something that your doctor recommends when you go for your annual physical – which I know we all do every year without exception. However, that’s the NaCl type of salt and not what we’re talking about here. So, what is this deduction you might ask. It’s the amount you can deduct from your federal income due to State And Local Taxes you have paid, commonly referred to as SALT.
