Treasury Department today announced a rule that would allow "pass through" business entities (of which many are real estate related) to avoid SALT deduction limits. Passed into law as part of DT and republican tax "reform", those limits have been very unpopular with states that have high numbers of wealthy residents. Repeated efforts to repeal that provision in tax laws have failed.
However while now businesses would be able to avoid SALT caps, individuals would still be on the hook.
https://therealdeal.com/2020/11/11/t...deduction-cap/
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