Salt Tax Limitation 2024. 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. The maximum amount you can take for the salt deduction for 2023 (taxes filed in 2024) is $10,000 ($5,000 for married couples who file separately), the same as it was for tax year 2022.
Certain members of the house and senate want the salt deduction cap removed, which would benefit primarily higher earnersโand result in a $380 billion. The total nlc deduction allowed for the 2027 tax year is $120,000, resulting in 2027 taxable income of $80,000.