Salt Tax Repeal 2024

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Salt Tax Repeal 2024

Salt Tax Repeal 2024. Many democrats — namely, those from states such as new york, new jersey, and california — want to repeal the salt deduction cap and go back to the old. President biden has indicated an intent to let the trump tax code expire.


Salt Tax Repeal 2024

The house rejected a rule that would provide for floor consideration of a bill to double the cap on state and local tax deductions for married couples earning up to $500,000, striking a blow to. The salt cap is currently set to expire at the end of 2025, giving lawmakers the opportunity to consider policy options that can balance priorities like fairness in the tax system, the interests of state.

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