Salt Tax Deduction Cap 2025 Ny. Republicans put a $10,000 cap on the deduction, often called salt, during mr. The state and local tax (salt) deduction cap, introduced as part of the tax cuts and jobs act of 2017, significantly altered the landscape of federal tax deductions.
Come next year, the cap on the federal deduction for state and local taxes (salt) is set to expire alongside certain tax cuts included in the gopโs 2017 tax law. Will the salt deduction cap be repealed or raised in 2025?