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Limit reported SALT to the amount that would zero out regular tax liability #5899

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MaxGhenis opened this issue Apr 24, 2025 · 0 comments · Fixed by #5904
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Limit reported SALT to the amount that would zero out regular tax liability #5899

MaxGhenis opened this issue Apr 24, 2025 · 0 comments · Fixed by #5904
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@PavelMakarchuk

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@MaxGhenis
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Otherwise incremental SALT can increase tax liability via the AMT. Filers will optimally report only the SALT that zeros out their regular tax liability. There is no legal requirement to itemize your entire SALT.

This should replace the code added in #5883
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@MaxGhenis @PavelMakarchuk