Salt Deduction Limit 2025 . SALT Deduction Cap Testimony Impact of Limiting the SALT Deduction The 2017 Tax Cuts and Jobs Act (TCJA) enacted the $10,000 limit on SALT deductions The $10,000 per federal income tax return cap on the deductions, called SALT, was imposed in 2017 as part of the sweeping overhaul of the tax code pushed by Trump
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The $10,000 SALT deduction cap is set to expire at the end of 2025 unless Congress extends or modifies it The state and local tax deduction could change in 2025 as lawmakers debate Trump's tax cuts
SALT Workarounds SALT Deduction Limit Schaumburg CPA Some lawmakers have proposed raising or eliminating the cap, which could significantly impact taxpayers in high-tax states. So, some Connecticut taxpayers saw a nearly 58% deduction decrease. The limit for those married filing separately is $5,000.
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