Salt Tax Cap 2025 New York. The department estimated that in one year, new york state households would pay an additional $12.3 billion in personal income taxes and the salt cap could cost taxpayers up to $15 billion. The group wants to see the cap raised or eliminated, softening the burden on.
Both the salt limitations and the doubled standard deduction expire after 2025, putting salt on the 2025 menu for lawmakers. Members of the bipartisan salt caucus in congress are meeting ahead of expiration of the $10,000 cap of the tax break, imposed under the gop’s 2017 tax law.
