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The controversial deduction cap is set to expire after 2025.
February 15 -
Advance refunding, SALT, and the possibility of Low Income Housing Tax Credit all have at least some chance of a day in the sun in late 2024.
December 29 -
Rep. Jim Jordan, R-Ohio, has endorsed a plan that would raise the state and local tax deduction limit to $20,000 for single filers and $40,000 for couples.
October 19 -
New data indicates residents in high tax states are not moving to cut their tax liability.
August 11 -
Adjusting the deduction cap for state and local taxes is not included in latest proposals, though advocates for that measure remain hopeful.
June 14 -
Lawmakers are re-introducing legislation to repeal the deduction cap on state and local taxes
April 14 -
Sen. Susan Collins introduced the SALT Deduction Fairness Act last week, the latest effort to restore a full income tax deduction for state and local taxes.
March 20 -
The bill, introduced in the House by Rep. George Santos, R-NY, is one of three currently circling around Congress that would lift the state and local tax deduction.
March 2 -
The issue is important to lawmakers in high-tax states, and is also important to municipal issuers in those places who have said the cap infringes on their fiancial sovereignty.
February 9 -
The "no SALT no deal" Democrats appear ready to support the compromise reconciliation package negotiated in the Senate.
August 1