TYB
> What Is the State and Local Taxes (SALT) Deduction?
>The acronym SALT refers to the state and local taxes deduction that taxpayers who itemize their federal tax returns are allowed to take. This deduction was unlimited until 2018, when it was capped at a maximum of $10,000 per year, or $5,000 for married people filing separately.
>The legislation that authorized this change expires at the end of 2025. Predictably, there is considerable debate over whether the cap should be lifted or made permanent at that time. High-income individuals and jurisdictions with high tax rates lead the opposition to the cap.
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