Maximum Salt Deduction 2024 Limit

Maximum Salt Deduction 2024 Limit. A group of bipartisan house representatives relaunched the salt caucus last week, calling for relief from the $10,000 state and local taxes deduction limit. Let’s take a closer look at the salt deduction, how it impacts your federal income taxes and whether things might change in the near future.

However, the tax cuts and jobs act of 2017 (tcja) imposed a cap of $10,000 on the. One of the key considerations under the 2024 itemized deduction limitations is ensuring that taxpayers do not exceed the maximum allowable amount.