Salt Deduction 2024 Cap. Our annual salt outlook offers 10 predictions from our salt team in the washington national tax office, focusing on the salt issues that we believe will be of. Congress seems to be considering two ways to address the tax cut and job act’s $10,000 cap on the state and local tax (salt) deduction.

He noted to huffpost that the cap on salt helped to pay for the bulk of the law, including “lower [tax] rates, doubling the child tax credit, and doubling the standard. The range of possibilities from salt cap repeal to abolishing the entire salt deduction has revenue implications totaling more than $2.2 trillion over the next decade.