Salt Cap Tax 2025 Tax

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Salt Cap Tax 2025 Tax. The 2017 tax cuts and jobs act (tcja) imposed a $10,000 “cap” on state and local tax (salt) deductions on individual federal income tax returns for tax years 2018 through 2025. The salt cap was one of the major revenue offsets of tcja and, like many other individual tax provisions of the law, it is set to expire after 2025.


Salt Cap Tax 2025 Tax

The state and local tax deduction limitation (salt cap) has become a focal point of tax policy debate ahead of its scheduled sunset at the end of 2025. The salt cap was one of the major revenue offsets of tcja and, like many other individual tax provisions of the law, it is set to expire after 2025.

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