SALT capTax SystemThe $10,000 limit on state and local tax deductions enacted in 2017. Particularly affects taxpayers in high-tax states.Learn about this termUnit 03: standard vs itemizingTax SystemRelated TermsSALT (State and Local Taxes)State and local income taxes, sales taxes, and property taxe...Itemized deductionIndividual deductions that can be claimed instead of the sta...Tax expenditureRevenue the government forgoes through tax breaks, functioni...