Salt Deduction Cap 2024

Salt Deduction Cap 2024. On january 31, 2024, the u.s. House of representatives overwhelmingly passed the tax relief for american families and workers act of 2024 (h.r.

The salt deduction, even at the $10,000 cap, is mostly taken by wealthier tax filers, who earn enough to owe larger state and local tax bills and have sufficient. Find out what taxes are covered, how to calculate them and why there is a salt cap.