Salt Deduction For 2024 Income Tax. Both the salt limitations and the doubled standard deduction expire after 2025, putting salt on the 2025 menu for lawmakers. Trump indicates he would lift cap on costly state and local tax deduction trump, who signed the cap into law in 2017, vowed to “get salt back,”.

So as the name implies, the salt deduction allows itemizing taxpayers to deduct property, sales, or income taxes they have already paid to state and local. The cap on the state and local tax deduction — known as salt — would rise from $10,000 to $20,000 this year for married couples earning up to $500,000.