SALT cap will leave nearly 10.9M people feeling tax pain

ROUGHLY 10.9 MILLION people are losing out deductions for state and local taxes due to the $10,000 state and local taxes deduction cap included in the 2017 tax overhaul. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
ROUGHLY 10.9 MILLION people are losing out on deductions for state and local taxes due to the $10,000 state and local taxes deduction cap included in the 2017 tax overhaul. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
NEW YORK - About 10.9 million people are losing out on one of their most prized tax breaks - the deduction for state and local taxes. That’s the number of people the Treasury Inspector General for Tax Administration estimates had tax bills above the $10,000 deduction cap included in the 2017 tax overhaul. The law…

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