Why do you think that they take that now versus in the past? More people take it now. A larger. Well, When the SALT deduction was capped at $10,000 and mortgage interest was reduced, while the standard deduction was dramatically increased, it made the standard deduction just simpler, easier and better than itemizing. So wait, you're telling me that we're actually simplifying filing of taxes? That's Correct. Are more people getting to keep what they make? Yes. And are larger tax returns being given to the American people? (04:44–04:56)
CLAIM
Asserts that changes to the SALT deduction and mortgage interest, along with an increase in the standard deduction, made it more favorable than itemizing.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
