In 2020, the SALT deduction was claimed on just 8.6% of all federal tax returns, according to the Tax Policy Center. But the incidence of people claiming it was most concentrated in 13 states and ...

Republicans who oppose the state and local tax (SALT) cap will meet on Saturday at Mar-a-Lago with President-elect Donald Trump who promised to "get SALT back" during the 2024 presidential campaign.

According to sources, the 'SALT caucus' emerged as one of the 'perhaps biggest winners of the negotiations'. Initially, they were offered a leadership proposal to increase the cap from $10,000 to ...

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

Sen. Thom Tillis (R-NC) told Bloomberg last week that a $30,000 compromise is being considered in the Senate. SALT Republicans already rejected a $30,000 offer during negotiations on the House side.

What SALT means for California In 2017, about 31% of households used the SALT deduction on their taxes, according to a congressional analysis. But that decreased to just 9% by 2022, the analysis ...

What’s happening in 2025 regarding SALT deductions? Right now, SALT deduction are capped at $10,000. That cap was put in place in 2017, and it’s set to end after 2025.