The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.

Advanced ➔ Results TaxWatchThe SALT deduction is now much more generous

Here’s how to get the most out of the tax break

How does the new SALT deduction work

ETResizeListen(9 min)The state and local tax deduction is increasing — just as perty-tax bills are rising sharply

Photo: MarketWatch photo illustration/iStockphotoA deduction to defray owners’ state income taxes and local perty taxes is getting much more generous, ing fierce debate by lawmakers in Washington

The focus on the write-off is now coming from owners deciding if they should use the deduction to their advantage for the first time in years

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