Salt Deduction Limit 2025 . The SALT Deduction Limit Go Curry Cracker! The 2017 Tax Cuts and Jobs Act (TCJA) enacted the $10,000 limit on SALT deductions The movement to roll back limits on how much state and local taxes Americans can deduct on their federal.
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A $10,000 cap on state-and-local tax deductions is set to expire at the end of 2025. So, some Connecticut taxpayers saw a nearly 58% deduction decrease.
Fate of SALT Deduction Limit Uncertain Windes Just after the $10,000 limit was enacted, the average SALT deduction in CT dropped to about $9,700 Some lawmakers have proposed raising or eliminating the cap, which could significantly impact taxpayers in high-tax states. 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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