NOT FOR REPRINT
SALT Deduction Cap Talk With Trump ‘Positive,’ Lawmakers Say
News January 13, 2025 at 11:11 AM
Share & Print
What You Need To Know
- The meeting held Saturday focused on the $10,000 cap set to expire for tax years after 2025.
- The group wants to see the cap raised or eliminated, softening the burden on constituents who live in states like New York and California.
- Lifting the cap is unpopular among some conservative Republicans from lower-tax states and nonpartisan analysts.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer
Recently Updated Q&As
Can a taxpayer deduct business-related transportation expenses incurred when the taxpayer is not travelling away from home on business?
Get Answer