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SALT Cap Will Leave Nearly 10.9 Million People Feeling Tax Pain (1)

Feb. 26, 2019, 7:28 PMUpdated: Feb. 26, 2019, 8:20 PM

About 10.9 million people are losing out on one of their most prized tax breaks—the deduction for state and local taxes.

That’s the number of people the Treasury Inspector General for Tax Administration estimates had tax bills above the $10,000 deduction cap included in the 2017 tax overhaul. The law limited the amount of state and local taxes—or SALT—that taxpayers can write off, a change most acutely felt in high-tax states including New York, New Jersey, Maryland and California, where tax bills can easily exceed the threshold.

These taxpayers collectively have $323 billion in state and local tax bills that ...

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