Trump Advisers Consider Raising SALT Write-Off Limit to $20,000

Trump’s economic advisers are considering doubling the state and local tax deduction, a popular — but expensive — tax break that could deliver big savings to many residents of New York, New Jersey, and California.

Economist Stephen Moore, a member of President-elect Donald Trump’s economic advisory transition team, told Bloomberg Thursday that the group has discussed expanding the tax write-off limit from $10,000 to $20,000.

Trump had vowed to revive the SALT deduction during the campaign — a particularly potent issue in states where the combination of high tax rates and expensive property values make the write-off especially ...