Homeowners in new york, california and other coastal states could shave thousands off their annual tax bill with salt cap increase

Seattle--(business wire)--the typical new york homeowner impacted by the raised state and local tax (salt) deduction cap could save more than $7,000 a year—the highest of any state. that's according to a new report from redfin, the real estate brokerage powered by rocket. but the share of homeowners who benefit from the salt cap increasing from $10,000 to $40,000—and how much they save—varies widely across the country. in some states, like massachusetts, almost every homeowner could benefit, wh.
RKT Ratings Summary
RKT Quant Ranking