Four blue states that lost their legal fight to overturn the new $10,000 limit on the federal deduction for state and local taxes—the so-called SALT deduction—filed an appeal Nov. 26 with the 2nd Circuit Court of Appeals.
New York, New Jersey, Connecticut, and Maryland sued U.S. Secretary of the Treasury Steven Mnuchin and the IRS in July 2018 after the Tax Cuts and Jobs Act of 2017, a tax reform law that was backed by President Donald Trump, took effect.
