Decoding the Salt Tax Deduction: A Comprehensive Guide for Businesses
What is the Salt Tax Deduction? Unpacking the Basics The “SALT” tax deduction, officially known as the State and Local Tax (SALT) deduction, is a provision within the United States Internal Revenue Code that allows taxpayers to deduct the amount they paid in state and local taxes (SALT) from their federal taxable income. This deduction … Read more
