Will you get a break on your NJ property taxes?
Congress could restore the full SALT deduction
SALT deduction
Rare bipartisanship — most NJ voters want SALT cap removed
The cap on state and local taxes that can be claimed as a deduction on federal taxes, better known as the SALT cap, has been seen as an attack on Democratic states, particularly high-tax states such as New Jersey, New York and Connecticut.
Georgia elections give new life to NJ's priorities in Congress
Federal aid for COVID impact, the Gateway tunnel and a repeal of the cap on state and local tax deductions appear more likely once Democrats control Senate.