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Salt Deduction Expires 2025 Tax Year

Salt Deduction Expires 2025 Tax Year. A $10,000 cap on deductions on federal returns for state and local taxes paid is set to expire at the end of 2025. Many provisions of the 2017 tax cuts and jobs act are scheduled to expire at the end of 2025, and extending or changing key provisions will be a political priority.


Salt Deduction Expires 2025 Tax Year

The salt cap is set to expire december 31,. Note that the $10,000 limit on salt deductions expires automatically after 2025.

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