Salt Tax Cap Repeal 2025 . SALT Cap Repeal The SALT cap was originally introduced to offset tax cuts in the TCJA, signed into law by then-President Donald Trump in 2017 Former President Trump's proposal to repeal the $10,000 cap on the state and local tax (SALT) deduction would cut 2025 taxes by an average of more than $140,000 for the highest-income 0.1 percent of families but provide little or no help to low- and middle-income households, according to a new Tax Policy Center analysis.Those making $430,000 or more would enjoy nearly three-quarters of the.
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The current $10,000 cap on the deduction is slated to expire at the end of 2025, along with a slew of other tax cuts and provisions of the 2017 landmark law. The TCJA raised the estate tax exclusion to $13,990,000 in 2025
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