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Question

SALT

Forum|Forum|2 years ago
June 28, 2023
1 reply
3 views

Will there be any changes to the SALT tax cap limit in 2023?

Ask the Experts - Energy - June 2023

Employee Tax Expert

Employee Tax Expert

The Tax Cuts and Jobs Act (TCJA), enacted in December 2017, limited the itemized deduction for state and local taxes to $5,000 for a married person filing a separate return and $10,000 for all other tax filers. The limit applies to tax years 2018 to 2025.

There have been calls for changes to the SALT limit . However at this point in time, there is no change to the SALT tax cap limit for 2023.

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