Trump tax returns show previous president was topic to $10,000 SALT cap — but gurus say he might have sidestepped the restrict

Trump tax returns show previous president was topic to ,000 SALT cap — but gurus say he might have sidestepped the restrict

Essential Details

Donald Trump’s cash flow tax returns for 2015 to 2020 have been publicly introduced on Friday by the Property Methods and Suggests Committee immediately after a lengthy authorized struggle.
The tax returns exhibit that he paid at minimum $5 million in point out and regional taxes every of these many years. Starting up in 2018, his tax deduction for individuals SALT payments was capped at $10,000.
Nevertheless, there may well have been a workaround involving his enterprise entities, gurus explained. It’s not possible to know from the readily available tax info, though.

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