Salt Tax Cap 2024

Salt Tax Cap 2024. Repealing or relaxing the salt cap would benefit mainly. The proposed law, called the salt marriage penalty elimination act, would raise the cap on state and local tax deductions from $10,000 to $20,000 — but only for.

The cap on the state and local tax deduction — known as salt — would rise from $10,000 to $20,000 this year for married couples earning up to $500,000. 7160, will be up for a procedural vote in the house on feb.