Senate GOP Bill Delivers Bigger Blow to N.J. by Killing Your Entire Property Tax Break

Last Edited:

WASHINGTON -- The entire federal deduction for state and local taxes -- an important tax break for New Jersey residents -- would end under legislation proposed Thursday by Senate Republicans. The Senate Finance Committee measure goes even further than the House, where Republican leaders agreed to keep a property tax deduction of up to $10,000 while eliminating the break for state and local income and sales taxes.