Will the SALT tax deduction cap be raised or eliminated?
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If a bill becomes law before Jan 1, 2026 that increases the current limitation in Internal Revenue Code section 164(b) on the amount allowed as a deduction for state and local taxes in Internal Revenue Code section 164(a) for at least some class of taxpayer, then the market resolves to Yes. Outcome verified from Library of Congress.
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Will the SALT tax deduction cap be raised or eliminated?
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