Posted by Anonymous
May 15, 2025
1 answer
Posted by Anonymous - May 15, 2025
Honestly, I always wondered the same thing about the salt deduction cap. From what I've seen, raising the cap mostly helps people in super expensive states like New York or California, where folks already pay a ton for property taxes and stuff. Most of the people who actually hit the old cap are the ones with big houses and higher incomes.
But here's the twist: some politicians in those areas argue that their residents aren't just rich people but also a bunch of middle class families who get hammered with big state and local taxes. So they say raising the salt deduction cap helps regular families avoid basically getting double taxed. On the other side, a lot of people think it gives a break to people who don't really need it, while the rest of the country ends up missing out. I remember reading that even though it sounds fair, most families in lower tax states never hit the deduction limit in the first place.
So, for me, it just feels like another political thing where each side wants to keep their voters happy. It's definitely one of those debates where there isn’t an easy answer, but I get why people think it’s unfair. Taxes always seem to get people fired up! If you live in a really pricey state, you probably care about this a lot.
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