Salt Tax Deduction Cap 2025 Tax Deduction. In 2017, the tax cuts and jobs act overhauled federal tax code, capping the salt deduction at $10,000 per year for property taxes plus state income or sales taxes.. 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 latest house gop salt deduction cap proposal increases the budget deficit, creates new tax cliffs, and is regressive. Some lawmakers say itโs time to end or increase the $10,000 cap on state and local tax deductions.
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