The SALT (State and Local Tax) deduction increase primarily benefits taxpayers in high-tax states by allowing them to deduct more of their state and local taxes from their federal taxable income. Here’s the impact: Who Benefits?Higher-income taxpayers in high-tax states (like California, New York, and New Jersey) benefit the most.Middle-income families in high-tax counties may see lower federal tax bills, especially those with large property tax burdens.Itemizers (those who don’t take the standard deduction) will benefit, while standard deduction filers won’t be affected.Become a supporter of this podcast: https://www.spreaker.com/podcast/conspiracy-theories-exploring-the-unseen--5194379/support.
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