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Find Out How the Trump Tax Plan Would Affect You: Calculator - Time
WebThe calculation won't change but the FICA limit will go up which will increase your taxes. 2024 going I into 18 has seen an increase of about $10k. Reply bay-to-the-apple • WebMar 13, 2024 · The state and local tax (SALT) deduction allows taxpayers of high-tax states to deduct local tax payments on their federal tax returns.The tax plan signed by President Trump in 2024, called the Tax Cuts and Jobs Act, instituted a cap on the SALT deduction. Starting with the 2024 tax year, the maximum SALT deduction available was $10,000. lawmate international
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