Cap On Salt Taxes 2025 Ny

Cap On Salt Taxes 2025 Ny. Lawmakers have explored the possibility of limiting the ability of businesses to deduct state and local taxes. However, the tax cuts and jobs act of 2017 (tcja) imposed a cap of $10,000 on the salt deduction ($5,000 for married individuals filing separately) from 2018 to 2025.


Cap On Salt Taxes 2025 Ny

Republicans put a $10,000 cap on the deduction, often called salt,. Legislation increases the cap on salt to $100,000 for single filers, and to $200,000 for married couples filing jointly.

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