Describe the SALT Deduction and any limitations. How does this impact NJ taxpayers? Include a reference to

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Describe the SALT Deduction and any limitations. How does this impact NJ taxpayers? Include a reference to the applicable IRC section.

ALSO response on how this impacts NJ taxpayers. Indicate whether you agree or disagree and why.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 08, 2024 09:31 AM

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Describe the SALT Deduction and any limitations. How does this impact NJ taxpayers? Include a reference to

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Expert Answer:

The State and Local Tax SALT deduction is a provision in the US federal tax code that allows taxpayers to deduct certain state and local taxes on thei... View the full answer

Income Tax Fundamentals 2013

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