Describe the SALT Deduction and any limitations. How does this impact NJ taxpayers? Explain your...

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Accounting

Describe the SALT Deduction and any limitations. How does this impact NJ taxpayers? Explain your response with two paragraphs of three to six sentences. You MUST include a reference to the applicable IRC section.

Write a three to six sentence paragraph in response to a classmate's comments on how this impacts NJ taxpayers. Indicate whether you agree or disagree and why.

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