Salt Tax Cap 2025 Tax Cap

Salt Tax Cap 2025 Tax Cap. Retain a cap on salt deductions for individuals but set it at $5,875 for individuals and $11,750 for married couples filing jointly with no adjustments for inflation. Covering that additional revenue loss would require the equivalent.


Salt Tax Cap 2025 Tax Cap

First, we estimate the proposed change to salt deduction cap would cost about $11.7 billion using tax foundation’s taxes and growth model. The tax cuts and jobs act (tcja), p.l.

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Salt Tax Cap 2025 Tax Cap