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The increase in SALT deductions may lead to greater demand for tax services, positively impacting HRB's business. Historical examples show tax law changes can lead to increased revenue for tax preparation companies.
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SALT deduction raised to $40,000 for five years, benefiting homeowners. High-tax areas like NYC and California will see increased home demand. Historically, higher deductions result in higher home prices in affluent neighborhoods. Taxpayers may itemize deductions, enhancing demand for tax services. HRB's Tax Institute sees potential growth from tax law changes.
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