{"id":199984,"date":"2019-12-21T14:19:12","date_gmt":"2019-12-21T14:19:12","guid":{"rendered":"https:\/\/usa.timesofnews.com\/house-passes-bill-to-lift-10000-cap-on-state-and-local-tax-deductions.html"},"modified":"2019-12-21T14:19:12","modified_gmt":"2019-12-21T14:19:12","slug":"house-passes-bill-to-lift-10000-cap-on-state-and-local-tax-deductions","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/house-passes-bill-to-lift-10000-cap-on-state-and-local-tax-deductions.html","title":{"rendered":"House passes bill to lift $10,000 cap on state and local tax deductions"},"content":{"rendered":"<p>New York, New Jersey and California are among the states where taxpayers are feeling the brunt from the $10,000 SALT cap.<\/p>\n<p>Among New Yorkers who itemized in 2017, the average SALT deduction claimed was $23,804, according to the <a href=\"javascript:void(0)\">Tax Policy Center<\/a>.<\/p>\n<p>New Jersey itemizers wrote-off an average of $19,162 on state and local taxes that year, while Californians claimed $20,451, the Center found.<\/p>\n<p>These states are also home to some of the highest income taxes in the nation.<\/p>\n<\/p>\n<p>Meanwhile, New Jersey residents are paying some of the highest property taxes.<\/p>\n<\/p>\n<p>Controversy over the SALT cap also has spurred litigation by the affected states.<\/p>\n<p>New York, Connecticut, Maryland and New Jersey have filed suit against the Treasury Department and the IRS, asserting that the <a href=\"javascript:void(0)\">SALT deduction limit was unconstitutional<\/a>.<\/p>\n<p>Separately, New York, New Jersey and Connecticut are also fighting the Treasury Department and the IRS in court over the agencies&#8217; move to block workarounds established by the three states.<\/p>\n<p>Article source: https:\/\/www.cnbc.com\/2019\/12\/20\/house-passes-bill-to-lift-10000-cap-on-state-and-local-tax-deduction.html<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"<p>New York, New Jersey and California are among the states where taxpayers are feeling the brunt from the $10,000 SALT cap. Among New Yorkers who itemized in 2017, the average SALT deduction claimed was $23,804, according to the Tax Policy Center. New Jersey itemizers wrote-off an average of $19,162 on state and local taxes that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-199984","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/199984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=199984"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/199984\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=199984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=199984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=199984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}