Rep. Zeldin Calls For Full SALT Deduction Reinstatement in Coronavirus Economic Stimulus Tax Relief Bill
WASHINGTON - Today, Congressman Lee Zeldin (R, NY-1) called for the reinstatement of the full State and Local Tax (SALT) deduction as part of tax relief legislation in an economic stimulus package responding to the coronavirus outbreak.
Last Congress, the Tax Cuts and Jobs Act (H.R. 1) placed a $10,000 cap on the State and Local deduction.
“As Congress considers a tax relief bill as part of an economic stimulus package in response to the coronavirus outbreak, it should reinstate the full State and Local Tax deduction, especially considering that the State of New York has been one of the states hit hardest by coronavirus,” said Congressman Zeldin. “As New Yorkers and others approach the April 15th tax filing deadline, a full reinstatement of the SALT deduction will deliver desperately needed tax relief at the perfect time, rectifying this inequity in our communities and jumpstarting our local economy.”