A federal tax law provision that capped deductions for state and local taxes has become a heated political issue in New York State this election season. But the campaign rhetoric by both Democrats and Republicans promising relief belies the complexity of the issue and what, if anything, will be done, political analysts said. The cap is part of the Tax Cuts and Jobs Act enacted in 2017 by a Republican-controlled Congress and signed into law by then-President Donald Trump. The cap limited taxpayers’ long-standing ability to deduct state and local taxes — referred to as SALT — from their federal income tax liability. Read more on the SALT tax at the link in our bio. - #longisland #longislandny #liny #longislandnewyork #suffolkcountyny #nassaucountyny #taxes #election2024 #livotes2024 #salttax #irs #democrats #republicans #politicians #reelsig #igreels #linkinbio