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Quarterly News
October/November | 2021
E.J. Callahan & Associates Updates
What proposed SALT changes could mean for your next tax bill
The Build Back Better Act could include changes to the state and local tax deduction (SALT), increasing the deduction cap from $10,000 to $72,000. Whether or not this deduction will affect you depends on your income, where you live, and other specifics, like property ownership.

ABC’s Construction Backlog Indicator and Contractor Confidence Index Down in September

ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels.