Final tax bill will allow you to deduct some SALT if you pay less than 10k in property tax

Interesting development

In the senate and house bills, the tax bill only allowed property tax deduction up to 10k.

Now, if you don't pay 10k in prop taxes and still itemize, you'll be allowed to use any of that excess deduction on salt

For example, jimmy itemizes and pays 6k in property taxes. Instead of not being able to deduct any SALT, he'll be able to deduct 4k