SALT

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

posted

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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