Pay more than $10K in property taxes? Why the tax law may not be all bad news

The loss of a full property tax deduction could be offset for some taxpayers. (pixabay.com) Q. My property taxes are more than $10,000. I've been reading about the changes in tax law and ways to circumvent the loss of the deduction federally. I also learned New Jersey already has a $10,000 limit, but the governor is trying to get around it by creating a charity we can send our taxes to so we can get a deduction. Can you explain? -- Taxed out A. You mention several issues. The first is the new $10,000 limitation on deducting state and local taxes, also called SALT, on your federal income tax return. Second is New Jersey's longstanding $10,000 cap on deducting real estate taxes on your primar

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